Silicon Valley Bank lost $9400 million of market value in the stock

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The Silicon Valley Bank saw its shares fall more than 60% as investors moved to withdraw their deposits on 7 March 2023, Thursday,

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In which the bank had lost $9.4 billion of market value. After this, as concerns grow over the bank's stability,

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Many top venture capital firms including Sequoia Capital, Founders Fund, Coutue and Sequoia, have suggested

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To some companies that they strongly consider pulling money out of Silicon Valley Bank. Union Square Ventures

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told the companies to "only keep minimal funds in cash accounts" at Silicon Valley Bank.

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There is also another problem

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By which rising interest rates sparked large losses on its Treasury and mortgage-backed securities portfolios and that was

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The Silicon Valley Bank's announcement to launch a $1.25 billion common stock sale and another $1 billion via other shares sales.

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Along with the Silicon Valley Bank, JP Morgan and Wells Fargo, and two other largest banks in the U.S. lost more than $50bn in market value.

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