Friday March 10th 2023 Turmoil for Silicon Valley Bank Parent Company After Huge Loss

SVB Financial, the parent company of Silicon Valley Bank, is in turmoil after posting a $1.8 billion loss on Thursday.

The loss was due to the sale of a chunk of its portfolio, and the company has now launched a new capital campaign in an effort to raise more funds.?

This has caused concern among investors and has led to a sell-off of SVB stock.

The company specializes in venture capital funding, and has long been considered the lifeblood for tech startups.?

However, the recent loss has called into question the health of SVB Financial, and has led to concerns about the balance sheets of rival banks.

U.S. bank stocks endured their worst trading day in almost three years on Thursday, as the news of SVB Financials' troubles sent shockwaves through the financial sector.

If you are looking at the sea of red across financial services and banks today in the markets and wondering what this is : Simple the fear of contagion reflected due to what's happened with two big banks recently: Silvergate and SVB.

Silvergate, a crypto focused bank, experienced a bank run recently.?

Silicon Valley Bank (SVB), a darling of the startups and tech ecosystem, is experiencing a bank run today.

What’s happening to SVB is not because of exposure to crypto or an FTX fallout.?

It is happening because it failed to prepare for the bear markets when it was doing its balance sheet management during the bull market.

Whether you need advice regarding setting up a Living Trust or Eliminating Debt, Attorney Omar Zambrano can provide you with personalized attention and professional guidance.?

Our goal is to make sure you have all the information you need in order to make informed decisions about your case.

From finding out what steps are necessary for filing paperwork correctly, to understanding all possible outcomes of your case, our team will be there every step of the way.

Contact the Law Offices of Omar Zambrano today for a Free Consultation by calling 626-338-5505.

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