Hedge funds are reportedly offering to buy startup deposits at Silicon Valley Bank for 60 to 80 cents on the dollar, after the lender was taken over by the U.S. Federal Deposit Insurance Corporation on Friday.
Hedge funds are offering to buy startup deposits at Silicon Valley Bank for as little as 60 cents on the dollar, Semafor reported on Saturday, citing people familiar with the matter.
Firms like Oaktree which are known for investing in distressed debt are contacting startup businesses after SVB’s SIVB, -60.41% seizure by the Federal Deposit Insurance Corp , the report said.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Column: The Silicon Valley Bank collapse is Silicon Valley's problem, not yours'Based on the information that has been made public, the bank unwisely put its eggs in one basket by taking deposits from an insular group of depositors: venture-funded startups.' Column by hiltzikm:
Weiterlesen »
How Silicon Valley Turned on Silicon Valley BankThe fallout from Silicon Valley Bank threatens to engulf Silicon Valley—and has put the rest of the banking system on edge
Weiterlesen »
Hedge fund manager Bill Ackman warns of ‘economic meltdown’ following Silicon Valley Bank collapseThe billionaire predicted that customers would make a run to withdraw funds from small banks unless regulators took action.
Weiterlesen »
Silicon Valley Bank Closed by Regulators After Bank RunRegulators shut down tech lender Silicon Valley Bank (SVB) on Friday after a bank run. See potential bias and similarities in coverage from CNNBusiness, WSJ and nypost: SVB SiliconValleyBank
Weiterlesen »
What to know about Silicon Valley Bank and bank runsBank runs are triggered by fear, and fear is bad for business.
Weiterlesen »