Subscribe

Silicon Valley Bank Employee Blames Person for Bank’s Collapse

  • Silicon Valley Bank (SVB) leadership announced to raise $2.25 billion in capital and $21 billion in asset sales.
  • The news led to tech startups withdrawing $42 billion on Thursday.
  • This left the bank with a negative cash balance of $985 million.
  • An SVB employee blamed a person for the collapse.
0
0
Share 0
Tweet 0
Share 0
Total
0
Shares
5/5
Via
Join 2 million subscribers





  • Location

subscribe to the nextbigwhat newsletter​

A curated newsletter that summarizes the important news at the intersection of Global tech, India Tech and AI.

Delivered 8 AM. Daily.

More news »

Total
0
Share
0
0
0
0
0
0