Shares of Silicon Valley Bank parent SVB Financial Group tumbled before a full halt. $SIVB, exposed to high-tech venture capital, was closed by the California Department of Financial Protection and Innovation:
Sector mover:
Shares of Silicon Valley Bank parent SVB Financial Group SIVB, tumbled 66% in premarket trading before a full halt, after falling 60% on Thursday when the financial services company disclosed a $1.8 billion loss from securities sales, cut full-year guidance and announced plans for an equity offering. Reports surfaced Thursday that several funds had advised clients to pull their money from Silicon Valley Bank, triggering a run on the bank.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Silicon Valley Bank scrambles to sell itself after failing to raise capital: report“Large financial institutions” are exploring a potential acquisition of SVB Financial.
Lire la suite »
Stocks making the biggest premarket moves: Silvergate, Etsy, SVB Financial, Uber and moreStocks making the biggest premarket moves: Silvergate, Etsy, SVB Financial, Uber & more
Lire la suite »
Bank carnage drags stocks lower as SVB Financial shares plungeA brutal day for banks drags down stocks on Thursday.
Lire la suite »
Stocks making the biggest moves after hours: SVB Financial, Oracle, Gap and moreThese are the stocks posting the largest moves in postmarket trading.
Lire la suite »
SVB Financial stock slides 42% premarket as fears of a potential run on the bank continueSVB Financial Group the parent of Silicon Valley Bank, saw its stock tumble more than 42% in premarket trade Friday, in a continued response to reports late...
Lire la suite »
Futures dip as SVB Financial extends rout, payrolls data awaitedU.S. stock index futures fell on Friday as the selloff in SVB Financial shares extended into premarket trading, while investors awaited a key jobs report for more clues on the Federal Reserve's monetary policy path.
Lire la suite »