Silicon Valley bank fails to raise capital, bankruptcy imminent PT2
1 year ago
2
Attempts by the bank to raise capital have failed, the sources said, and the bank has hired advisors to explore a potential sale.
Large financial institutions are taking a look at a potential purchase of SVB. However, deposits outflows are so far outpacing the sale process, making it very difficult for a realistic assessment of the bank by potential buyers to take placej
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