Silicon Valley Bank’s shares are tanking as a mess unfolds

Shares of Silicon Valley Bank are down sharply Thursday in the wake of the company’s announcement that it is raising additional capital by selling stock, taking a charge to roll over an asset portfolio to higher-yielding assets and extending its term-borrowing capacity.
Venture firms are advising portfolio companies to move money out of SVB
Given recent banking-related carnage in the tech and tech-adjacent worlds, there’s concern in the market that not all is well at SVB. Company CEO Greg Becker said in a call with venture clients that their assets are safe and that the stock sale was announ

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