Hedge funds are reportedly offering to buy startup deposits at Silicon Valley Bank for 60 to 80 cents on the dollar, after the lender was taken over by the U.S. Federal Deposit Insurance Corporation on Friday.
Hedge funds are offering to buy startup deposits at Silicon Valley Bank for as little as 60 cents on the dollar, Semafor reported on Saturday, citing people familiar with the matter.
Firms like Oaktree which are known for investing in distressed debt are contacting startup businesses after SVB’s SIVB, -60.41% seizure by the Federal Deposit Insurance Corp , the report said.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Column: The Silicon Valley Bank collapse is Silicon Valley's problem, not yours'Based on the information that has been made public, the bank unwisely put its eggs in one basket by taking deposits from an insular group of depositors: venture-funded startups.' Column by hiltzikm:
Consulte Mais informação »
How Silicon Valley Turned on Silicon Valley BankThe fallout from Silicon Valley Bank threatens to engulf Silicon Valley—and has put the rest of the banking system on edge
Consulte Mais informação »
Hedge fund manager Bill Ackman warns of ‘economic meltdown’ following Silicon Valley Bank collapseThe billionaire predicted that customers would make a run to withdraw funds from small banks unless regulators took action.
Consulte Mais informação »
Silicon Valley Bank Closed by Regulators After Bank RunRegulators shut down tech lender Silicon Valley Bank (SVB) on Friday after a bank run. See potential bias and similarities in coverage from CNNBusiness, WSJ and nypost: SVB SiliconValleyBank
Consulte Mais informação »
What to know about Silicon Valley Bank and bank runsBank runs are triggered by fear, and fear is bad for business.
Consulte Mais informação »