andresr
On Thursday, SVB Financial (SIVB) stock plunged 60% over liquidity concerns and the bank’s failure to raise capital. However, SVB is not the only financial institution that is at best treading water.
First Republic (FRC), suffering from reduced deposits from startups, crypto-friendly Silvergate Capital’s (SI) decision to liquidate Silvergate bank after its digital asset customers withdrew deposits, and Signature Bank’s (SBNY) move to reduce digital asset banking deposits, all contributed to a swoon in the shares of banking stocks last week.
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