Rabble on Nostr: Looks like there’s contagion from Silvergate to Credit Suisse and SVB. This is ...

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