Silicon Valley Bank in talks for sale after a failed capital procurement: report

Silicon Valley Bank in talks for sale after a failed capital procurement: report

reports that the Silicon Valley Bank (SIVB) strives for an external takeover after its efforts to raise capital in the amount of over $ 2 billion have failed.

The shares of the bank fell 62 %on Friday in pre-exchanging trade, for which the trade was now set.

• corresponding to david faber from cnbc The silicon valley bank has "advised to sell" "Not unexpected".
• On Thursday afterwards, the stocks of the bank fell by 60 % from A planned total increase worth 2.25 USD to "strengthen his financial position" and "re -position" his balance sheet.
• This included plans, regular shares worth $ 1.25 billion, changeable preferred shares worth $ 500 million and a further sale of ordinary shares worth $ 500 million to General Atlantic (from the success of the previous one Was dependent on regular shares).
• SVB also sold "essentially the entire" portfolio of his securities available for sale with the intention of rejecting the money, which would say that a loss of profit would mean $ 1.8 billion.

• "In view of the inability to create capital, and the fact that deposits flee out of this matter at incredibly high speed would then be expected that they would say: 'Okay, can we be sold?'

• PayPal co-founder Peter thiel ’s founders found a company yesterday exist with regard to the financial stability of the company.
• Faber added that there were "big financial institutions" that consider a possible takeover, although there are no guarantees for this.
• The CEO of the bank, David Becker, has now Asked According to Bloomberg, customers in the middle of the market panic should "stay calm".
• Other banks, including First Republic and Signature Bank, fell by 15 % and 12 % on this day.
• Genevieve Roch-Decter, CEO from Grit Capital called on Twitter that failure of the VC and the technology-oriented SVB would be the second largest bankruptcy in the history of the United States.

Selected image with the friendly approval of CNBC.

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