Wed, Oct 18, 2023
Citigroup did not disclose paper losses on its portfolio for the third quarter.
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Tue, May 02, 2023
Pocket FM, a Gurgaon-based audio streaming platform, announced today, May 2, that it has raised $16 million in debt funding from the US-based Silicon Valley Bank (SVB).
Sat, Apr 29, 2023
The report, authored by Federal Reserve staff and Michael Barr, the Fed's vice chair for supervision, takes a critical look at what the Fed missed as Silicon Valley Bank grew quickly in size in the years leading up to its collapse.
Sat, Mar 11, 2023
SVB had exposure in at least 21 startups in India although it did not reveal the size of the investment in these startups, according to recent data by global software-as-a-service (SaaS)-based market intelligence platform Tracxn.
The Dow Jones Industrial Average (.DJI) fell 345.22 points, or 1.07%, to 31,909.64, the S&P 500 (.SPX) lost 56.73 points, or 1.45%, to 3,861.59 and the Nasdaq Composite (.IXIC) dropped 199.47 points, or 1.76%, to 11,138.89.
Fri, Mar 10, 2023
The last FDIC-insured institution to close was Almena State Bank, Almena, Kansas, on October 23, 2020.Shares of SVB were halted on Friday after tumbling as much as 66% in premarket trading.
On Wednesday, SVB announced a $1.75 billion share sale programme to further strengthen its balance sheet. This programme triggered a massive sell-off in the group's shares.
The shares of US-based Silicon Valley Bank – a lender of choice to startups and tech firms – sank 60% on Thursday, as it launched a $1.75 billion capital raise to make up for $1.8 billion loss from a forced sale of its securities portfolio. What are the ways to reduce the loss? Know the complete details from Varun Dubey in this video.
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