Unease is spreading across the financial world as concerns about the stability of Silicon Valley Bank prompt prominent venture capitalists including Peter Thiel’s Founders Fund to advise startups to withdraw their money. The turmoil followed a surprise announcement from Santa Clara, California-based SVB that it was issuing $2.25 billion of shares to bolster its capital position after […]
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- Source: https://bankautomationnews.com/allposts/business-banking/svb-races-to-prevent-bank-run-as-funds-advise-pulling-cash/
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