Looks like there’s contagion from Silvergate to Credit Suisse and SVB. This is going to be a rocky ride. SVB is the 16th largest bank, but in particular the one preferred by venture backed startups.
SVB’s issuing new stock at terrible terms for the company: https://www.sec.gov/Archives/edgar/data/719739/000119312523064680/d430920dex992.htm
https://www.ft.com/content/c94279a4-4ec2-4a0c-86fb-be8375e12ef2
rabble
npub1wm…jg240
2023-03-09 19:09:27
Author Public Key
npub1wmr34t36fy03m8hvgl96zl3znndyzyaqhwmwdtshwmtkg03fetaqhjg240Published at
2023-03-09 19:09:27Event JSON
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"content": "Looks like there’s contagion from Silvergate to Credit Suisse and SVB. This is going to be a rocky ride. SVB is the 16th largest bank, but in particular the one preferred by venture backed startups. \n\nSVB’s issuing new stock at terrible terms for the company: https://www.sec.gov/Archives/edgar/data/719739/000119312523064680/d430920dex992.htm\n\nhttps://www.ft.com/content/c94279a4-4ec2-4a0c-86fb-be8375e12ef2",
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}