Silicon Valley Bank's demise began with downgrade threat
12 Articles
12 Articles
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
Silicon Valley Bank's Lightning-Fast Collapse Began with Credit Downgrade
A locked door and closure notice at a Silicon Valley Bank branch on Sand Hill Road in Menlo Park, the epicenter of the U.S. venture capital sector. REUTERS/Jeffrey Dastin In the middle of last week, Moody’s Investors Service delivered alarming news to SVB Financial Group, the parent of Silicon Valley Bank: the ratings firm was preparing to downgrade the bank’s credit. That phone call, described by two people familiar with the situation, began th…
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