SVB Customers Face Challenges Withdrawing Funds

  • Silicon Valley Bank customers are having difficulty transferring funds out of their accounts.
  • This comes after SVB announced a loss of $1.8 billion in the sale of U.S. treasuries and mortgage-backed securities due to rising interest rates.
  • SVB has taken measures to address customer concerns.
  • Customers are encouraged to contact their relationship manager for assistance.
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