When Silicon Valley Bank surprised the market with plans for a share sale and a US$1.8 billion loss on securities sales, investors were left wondering if its problems were isolated or the harbinger of a broader funding crunch in credit markets.
, Photographer: Andrey Rudakov/Bloomberg
Regulators have long warned that the end of rock-bottom interest rates could cause sudden crises in unexpected corners of global finance. So when Silicon Valley Bank surprised the market with plans for a share sale and a US$1.8 billion loss on securities sales, investors were left wondering if its problems were isolated or the harbinger of a broader funding crunch in credit markets.
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