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SVB Financial stock plummets after announcing equity raise, AFS portfolio sale (updated)

Mar. 09, 2023 9:53 AM ETSVB Financial Group (SIVBQ)By: Liz Kiesche, SA News Editor89 Comments

Silicon Valley Bank headquarters and branch

Sundry Photography

SVB Financial Group (NASDAQ:SIVB) stock plunged 35% in early Thursday trading after the parent of Silicon Valley Bank took investors by surprise by repositioning its balance sheet restructuring and lowering guidance as client cash burn

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