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Short-sellers make $600m in one day on Silicon Valley Bank crisis
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Short-sellers have made millions by betting big against Silicon Valley Bank after its parent company SVB Financial Group suffered a multi-billion dollar hit in securities sales.
SVB Financial Group launched a $1.8bn share sale on 8 March to cover a post-tax loss of $1.8bn caused by a larger-than-expected decline in deposits, which led to its stock plunging 60% on 9 March.
Silicon...
Read more on fnlondon.comAbout this in other media
Silicon Valley Bank was the tip of a banking iceberg cointelegraph.com /1 year ago
FDIC to attempt another auction of Silicon Valley Bank: Report cointelegraph.com /1 year ago
USDC Crisis Averted? Federal Regulators Offer Reassurance to Silicon Valley Bank Depositors, Ensuring Access to Funds cryptonews.com /1 year ago
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