Signage outside Silicon Valley Bank headquarters in Santa Clara, California, US, on Thursday, March 9, 2023.Check out the companies making headlines in early morning trading.
— Shares of the company known as Silicon Valley Bank extended their big slide, falling more than 40% in early morning trading after the company Thursday announced a plan to raise more than $2 billion in capital to help offset losses on bond sales. The news weighed on the entire banking sector for a second day, with
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SVB sinks wiping $61B in market value off bank stocksSilicon Valley Bank lost over half its value after investors bailed on the shares following plans for a large capital raise. 😲😲😲😲 Phase 6 Here we go.
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