Shares of Silicon Valley Financial institution are down sharply Thursday within the wake of the corporate’s announcement that it’s elevating further capital by promoting inventory, taking a cost to roll over an asset portfolio to higher-yielding property and increasing its time period borrowing capability.
Given latest banking-related carnage within the tech and tech-adjacent worlds, there’s concern out there that not all is nicely at SVB. Firm CEO Greg Becker stated in a name with enterprise shoppers that their property are…
