SVB plunges 60% due to high interest rates and billions in losses on a $21 billion bond portfolio

  • March 10, 2023
  • SVB’s financial profile has been significantly impacted by the Federal Reserve’s year of interest rate hikes.
  • SVB has lost billions on a $21 billion bond portfolio.
  • The pain could persist if the IPO market does not reopen.
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[Via]

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