Why I told my PortCo's to Pull Their Capital from Silicon Valley Bank
davidpaul.substack.com
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. This is because their business has slowed because of the liquidity crunch.
Why I told my PortCo's to Pull Their Capital from Silicon Valley Bank
Why I told my PortCo's to Pull Their Capital…
Why I told my PortCo's to Pull Their Capital from Silicon Valley Bank
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. This is because their business has slowed because of the liquidity crunch.