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Tuesday, May 28, 2024

Silicon Valley Bank Shares Drop 64% In Pre-Market As VC Funds Tell Firms To Withdraw Funds

Shares of Silicon Valley Bank Financial Group plunged further in pre-market Friday, after it took measures to shore up its financial position Thursday, prompting some venture capital funds to urge their portfolio firms to withdraw funds—and raising fears of a bank run. Key Facts Shares of SVB …

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