SVB Financial stock tumbles another 22% after hours


SVB Financial Group SIVB, -60.41% fell more than 22% in the extended session Thursday as reports surfaced that several funds are advising clients to pull their money from Silicon Valley Bank.

Bloomberg News late Thursday reported that Founders Fund, the San Francisco-based venture-capital fund co-founded by Peter Thiel, has advised companies to do just so. The report cited people familiar with the matter.

This article was originally published by Read the original article here.

Previous article: Faraday Future plans to raise $50 million to shore up balance sheet
Next articleHelp My Career: Imagine seeing your job position on LinkedIn — and it pays $32K to $90K more than you make


Please enter your comment!
Please enter your name here