Friday, March 10, 2023

Silicon Valley Bank’s Financial Stability Worries Investors; Update: SVB Collapsed

Update: Silicon Valley Bank collapses after failing to raise capital | CNN Business

Silicon Valley Bank’s Financial Stability Worries Investors

The bank, a linchpin of tech industry financing, is trying to persuade clients not to pull their money over concerns of a liquidity crisis. 

A Bank Run Jolts Markets as Investors Await the Jobs Report

Concerns about a California bank come at a time when investors have been flipping between worrying about the economy and seeing an end to the recent market turmoil.

Greg Becker, the chief executive officer of Silicon Valley Bank, urged investors to stay calm.Credit...Lauren Justice/Bloomberg