Silicon Valley Bank's demise began with downgrade threat
Summary by Financial Post
In the middle of last week, Moody's Investors Service Inc delivered alarming news to SVB Financial Group, the parent of Silicon Valley Bank: the ratings firm was preparing to downgrade the bank's credit.
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Times of India
Silicon Valley Bank's demise began with downgrade threat -sources
SVB then worked on a plan over the weekend to boost the value of its holdings. It would sell more than $20 billion worth of low-yielding bonds and reinvest the proceeds in assets that deliver higher returns.
Silicon Valley Bank's demise began with downgrade threat
SVB got an alarming phone call about its credit rating from Moody's last week, one that set the bank on course toward Friday's spectacular collapse that jolted global markets and walloped banking stocks.
Silicon Valley Bank demise began with downgrade threat
In the middle of last week, Moody's delivered alarming news to SVB Financial Group, the parent of Silicon Valley Bank: the ratings firm was preparing to downgrade the bank's credit.
Silicon Valley Bank's demise began with downgrade threat -sources
In the middle of last week, Moody's Investors Service Inc delivered alarming news to SVB Financial Group, the parent of Silicon Valley Bank: the ratings firm was preparing to downgrade the bank's credit.
Silicon Valley Bank's demise began with downgrade threat
By Echo Wang (Reuters) - In the middle of last week, Moody's Investors Service Inc delivered alarming news to SVB Financial Group, the parent of Silicon Valley Bank: the ratings firm was preparing to downgrade