Stock trading halted; Silicon Valley Bank tumble sends financial tremblor through tech industry

  • 📰 KPIXtv
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

SVB Financial Group's announcement that it needed to sell billions of dollars of assets to make its customers whole continued to send Wall Street into panic mode.

Shares of SVB were halted Friday morning after falling more than 60% in premarket trading. The stock tumbled 60% Thursday.

Essentially dealing with a bank run, SVB told investors it had to sell a portfolio of US Treasuries and $1.75 billion in shares at a loss to cover rapidly declining customer deposits. "The risk of failure and deposit losses here is that the next, least well-capitalized bank races a run and fails and the dominoes continue to fall," Ackman wrote.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 443. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Stocks making the biggest premarket moves: Silvergate, Etsy, SVB Financial, Uber and moreStocks making the biggest premarket moves: Silvergate, Etsy, SVB Financial, Uber & more How's that ESG working out?
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Bank carnage drags stocks lower as SVB Financial shares plungeA brutal day for banks drags down stocks on Thursday. Which banks next
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »

Stocks making the biggest moves after hours: SVB Financial, Oracle, Gap and moreThese are the stocks posting the largest moves in postmarket trading. Bond/treasury note loss is a common situation now due to our governments, like TLT...However, rapidly pulling out money from the stock market or banks can be a serious situation for the stock market like in 2008. All banks are under FDIC...No need to panic...
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »