Wednesday night SVB told its shareholders that they were to sell off a large package of long-term treasuries that incurred a $1.8B loss while also having to raise 500M from General Atlantic to provide more cash to fund operations.
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Why I told my PortCo's to Pull Their Capital…
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Wednesday night SVB told its shareholders that they were to sell off a large package of long-term treasuries that incurred a $1.8B loss while also having to raise 500M from General Atlantic to provide more cash to fund operations.