Tech
Silicon Valley Bank launched a $2.25 billion stock sale after a ~$1.8 billion loss on its ~$21 billion portfolio of Treasury and equity-backed securities. Mortgage; SIVB drops more than 50% (Financial Times)
Financial Times:
Silicon Valley Bank launched a $2.25 billion stock sale after a ~$1.8 billion loss on its ~$21 billion portfolio of Treasury and equity-backed securities. Mortgage; SIVB more than 50% off— The tech-focused lender suffers a loss on a $21 billion portfolio of Treasuries and mortgage-backed securities
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