Ineenstorting aandeel SVB schokt financiële wereld
March 10, 2023 - Shares in Silicon Valley Bank (SVB), a key lender to tech start-ups, have plummeted 60% as skittish investors withdraw their deposits.
A little-known Californian bank, that is the lender of choice for nearly half of all U.S. venture-backed tech companies that went public in 2022, has sparked a wave of panic that dragged down banking shares around the world.
Events were triggered when Silicon Valley Bank (SVB) launched a $2.25 billion share sale on March 8, to shore up its balance sheet after selling a $21 billion loss-making bond portfolio.
Venture capitalists, fretting over whether the capital raised would be sufficient, instructed portfolio businesses to pull their cash from the bank.
The resulting chaos caused 60% of SVB’s stock price to be wiped out, leading to SVB CEO Gregory Becker having to call clients to assure them their money was safe.
Major U.S. banks, such as Wells Fargo and JPMorgan Chase, slid by at least 5%, with shares of Asian banks later following suit.