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Silicon Valley Bank HALTS trading as shares crash 64% today amid talks to sell troubled lender: Panic caused by tech industry slowdown spreads to Wall Street - as Peter Thiel's venture capital fund warns startups to PULL money out of SVB
[Daily Mail, where America gets its news]
  • Shares of SVB were down 64% in the premarket, after slumping 60% Thursday

  • Bank announced a massive equity raise to cover a $1.8B loss on sale of bonds

  • Peter Thiel's venture fund advised startups to pull their money from the bank

Posted by: Skidmark 2023-03-10
http://www.rantburg.com/poparticle.php?ID=660902