Public Domain

Please Follow us on Gab, Minds, Telegram, Rumble, Gab TV, GETTR, Truth Social  

Update (0900ET): CNBC's David Faber reports that SVB has sought an adviser to find a buyer after attempts to raise capital have failed. However, Faber added that deposit outflows are outpacing any efforts to find a buyer...

Trading in Silicon Valley Bank shares has been halted for news pending after they plunged another 65% overnight after numerous icon VCs recommended clients pull cash from the struggling regional bank...

Perhaps more problematically, SVB's bonds (1.8s of 2031) are collapsing...

To read more visit Zero Hedge.

‘NO AD’ subscription for CDM!  Sign up here and support real investigative journalism and help save the republic!‘