SVB falls 20% premarket, hurts bank shares globally - Breaking The News
Download our appPlay StoreApp Store

SVB falls 20% premarket, hurts bank shares globally

EPA-EFE/BRYAN R. SMITH

After cratering over 60% on Thursday, SVB Financial Group continued to fall, losing more than 20% in premarket trade on Friday. Concerns about SVB's issues potentially spilling over to the entire global banking sector affected other lenders, which were the worst performers on most stock exchanges all around the world.

Earlier this week, SVB announced it had sold approximately $21 billion of securities for an after-tax loss of around $1.8 billion. The lender that primarily backs technology start-ups also revealed it will sell a total of $2.25 billion of its common and depositary shares, with equity firm General Atlantic buying $500 million of common stock.

SVB's shares dropped 23.19% in the premarket.

Related Stocks
SVB Financial Group
Related News
Switzerland blames Credit Suisse's fall on 'years of mismanagement'
The Swiss Parliamentary Investigation Committee (PUK) released its findings on the Credit Suisse collapse on Friday, attributing the bank's downfall to "years of mismanagement."The report revealed that Credit Suisse's financial situation worsened throughout 2022, with significant liquidity outflows and the bank facing near "insolvency" from the beginning of October and the end of December. "However, the PUK does not see any causal misconduct on the part of...
Swiss regulator clears UBS-Credit Suisse merger
The Swiss Financial Market Supervisory Authority (FINMA) ruled on Wednesday that the merger between UBS Group and Credit Suisse did not create any competition concerns.The Swiss regulator previously approved UBS' takeover of the troubled Credit Suisse in advance on March 19 last year to serve the interests of "creditor protection" and to stop a potential spillover to the Swiss and international financial markets."The legal consummation of the merger is...
Fulton Financial pops 9% after Republic First bank buyout
Shares of Fulton Financial Corporation jumped over 9% on Monday after the group ran to the rescue of the Republic First bank in a government-backed deal to take over the Philadelphia-based lender's assets valued at $6 billion.Fulton previously underlined that the buyout of the troubled bank would nearly double its size in Philadephia. The Pennsylvania Department of Banking and Securities closed the door to the Republic First Bank last week, marking this the first...
UBS chair says bank 'not too big to fail'
UBS Group AG Chairman Colm Kelleher underscored on Wednesday that the bank is "not too big to fail" and expressed concern about the government's proposal to impose tighter capital requirements to protect the country's economy.Earlier this month, the Swiss government stated that UBS' rescue of the troubled Credit Suisse last year "succeeded in safeguarding financial stability and preventing damage to the economy and the taxpayer." The proposed...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.