Silicon Valley Financial institution has launched a $2.25bn share sale after struggling a big loss on its portfolio of US Treasuries and mortgage-backed securities, because the technology-focused lender grapples with rising rates of interest and a money crunch at lots of the US start-ups it helped finance.
California-based SVB stated on Wednesday that it deliberate to supply $1.25bn of its widespread inventory to buyers and an extra $500mn of obligatory convertible most well-liked shares, that are barely much less dilutive to…
