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Silicon Valley Bank profit squeeze in tech downturn attracts short sellers

Summary by Ground News
SVB serves about half of all venture-backed US tech and life sciences companies. Its market capitalisation has fallen from a peak of more than $44bn less than two years ago to $17bn today. Some analysts, shareholders and short sellers point to another problem of its making: a move to put $91bn of assets into a poorly performing bond portfolio.

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News, analysis and comment from the Financial Times, the worldʼs leading global business publication

·London, United Kingdom
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Financial Times broke the news in London, United Kingdom on Wednesday, February 22, 2023.
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