Silicon Valley Bank’s shares are tanking, as a mess unfolds

Shares of Silicon Valley Bank are down sharply Thursday in the wake of the company’s announcement that it is raising additional capital by selling stock, taking a charge to roll over an asset portfolio to higher-yielding assets and extending its term borrowing capacity. It turns out burn reduction at startups is more aspiration than reality […] Silicon Valley Bank’s shares are tanking, as a mess unfolds by Natasha Mascarenhas originally published on TechCrunch...