On March 8, 2023, Silicon Valley Bank announced it had incurred a $1.8 billion loss in the sale of securities, including government and mortgage bonds, which had significantly depreciated over the past year due to substantial interest rate hikes by the Federal Reserve. The bank also announced plans to raise more than $2 billion in capital to strengthen its balance sheet.
Silicon Valley Bank announces a massive loss of $1.8 billion
TraderKnows
On March 8, 2023, Silicon Valley Bank announced a loss of $1.8 billion from the sale of securities, including Treasury and mortgage bonds.
Risk Warning and Disclaimer
The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.
The End
Wiki
Bankruptcy
Bankruptcy is a severe financial distress for individuals or businesses, potentially leading to asset loss, reputational damage, loss of operational control, and worsening financial conditions.
You Missed
05-07
06-04
11-15
Risk Warning
TraderKnows is a financial media platform, with information displayed coming from public networks or uploaded by users. TraderKnows does not endorse any trading platform or variety. We bear no responsibility for any trading disputes or losses arising from the use of this information. Please be aware that displayed information may be delayed, and users should independently verify it to ensure its accuracy.
