Silicon Valley Bank (SIVB) closed by regulators, insured deposits to be protected by FDIC
As SVB has been closed and its deposits have been taken over, the Federal Deposit Insurance Corp. has announced that insured depositors will have access by Monday.
SVB Financial (SIVB) stock crashes 50% as tech investment bank seeks to raise more cash
The tech-focused bank announced a plan to raise over $2 billion in capital in an attempt to offset losses on bond sales.