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7 Views • Mar 12, 2023 • Click to toggle off description
Silicon Valley Bank (SVB) a key lender to technology start-ups, also known as a financial pillar of the innovation economy in America, has landed in liquidity crisis that has sent shock waves through the start-up ecosystem. SVB financial group bonds plunged alongside its shares after the bank announced a $2.25 billion share sale to help shore up its finances.

The shares in the banks have fallen around the world, as investors moved to withdraw their deposits from SVB, the largest US banks including JP Morgan and Wells Fargo felt the heat, with losing more than $50 billion in market value.

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Views : 7
Genre: News & Politics
License: Standard YouTube License
Uploaded At Mar 12, 2023 ^^


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RYD date created : 2023-03-12T19:50:52.749478Z
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