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Читать полностью…Many have associated the crisis to be similar to that of Lehman Brothers and Enron Corporation, which could create a systemic risk to the entire system.
Читать полностью…Bear rampage saw the stock nosedive 60% in trade on Thursday and wiped out over $80 billion of its market value.
Not only the shares, but even the bond prices of the group collapsed and created a panic in the market.
it's a bad thing for now, but it would pave way to buying opportunities at bottom soon
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GQG Partners would likely expand its investment in the #AdaniGroup, the fund firm's founder Rajiv Jain said on Wednesday
Читать полностью…SVB Financial Group, which runs one of the largest American commercial banks – Silicon Valley Bank – on Wednesday announced a $1.75 billion share sale programme to beef up its balance sheet.
While any fundraising should be viewed as a positive, this plan did not bode well with Wall Street investors and triggered a massive sell-off in the group's shares.
What is SVB business?
Silicon Valley Bank is one of the oldest and largest banks in the Valley and manages a majority of local deposits.
The group largely focuses on lending to technology companies, providing multiple services to venture capital, and private equity firms that invest in technology and biotechnology. Besides, it also offers private banking services for high-net-worth individuals.