Investors and depositors tried to pull $42 billion from Silicon Valley Bank on Thursday in one of the biggest US bank runs in more than a decade, according to a Friday regulatory filing. The bank had suffered a $1.8 billion loss on the sale of US treasuries and mortgage-backed securities and outlined a plan to raise $2.25 billion of capital to shore up its finances.
from Times of India https://ift.tt/fYlEFmz
Saturday, March 11, 2023
A day before collapse, Silicon Valley Bank depositors & investors tried to pull $42 billion https://ift.tt/kOC7noX
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment