• Silicon Valley Bank Capital-Raise Failed, Deposit-Outflows Outpacing Sales Process; Report

    March 10, 2023
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    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.

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    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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