Silicon Valley Bank is now in talks to sell itself, report says

Silicon Valley Bank Financial, the publicly-traded holding firm of Silicon Valley Bank, has paused trading this morning pending an announcement, and according to a report in CNBC, the firm is in talks to sell itself.
The development is the latest turn for the technology-focused lender in what has been a surprising, precipitous downfall as SVB — the bank for many Silicon Valley startups and other power players in the sector — grapples with rising interest rates, mounting losses, messaging its state of affairs to the market, and most recently a rush of customers pulling their money o

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