Fri 03/10/2023 15:03 PM
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Relevant Documents:
California Department of Financial Protection and Innovation Statement
FDIC Statement
2022 10-K

Silicon Valley Bank, or SVB, whose equity and debt prices plunged after it disclosed losses in an investment portfolio and announced Wednesday evening, March 8, that it would seek to raise $2.25 billion of equity to bolster its capital position, has been taken under possession by California’s financial regulator, the Department of Financial Protection and Innovation, or...
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