US financial institution woes? Silicon Valley Financial institution shares plunge 1 day after Silvergate downfall

Fears have been heightened over the way forward for one other United States financial institution this week after Silicon Valley Financial institution (SVB) introduced a big sale of property and shares aimed toward elevating extra capital.

Nonetheless, some traders could also be involved that not all is properly on the tech startup and VC-focused financial institution, notably given the closure of crypto financial institution Silvergate only a day earlier. Shares in Silicon Valley Financial institution collapsed over 60%, wiping some $80 billion in worth from the financial institution’s shares.

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