Silicon Valley Bank Shares Drop 64% In Pre-Market As VC Funds Tell Firms To Withdraw Funds

Topline Shares of Silicon Valley Bank Financial Group were halted after plunging further in pre-market Friday, following measures it took to shore up its financial position Thursday, prompting some venture capital funds to urge their portfolio firms to withdraw funds—and raising fears of a bank run. Greg Becker, chief executive officer of Silicon Valley Bank

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