Investors sold shares of SVB Financial Group (Nasdaq: SIVB) and other US banks after the tech-focused lender reported it lost about $2 billion selling assets due to a larger-than-expected decrease in deposits. SVB announced late Wednesday that it will book a $1.8 billion after-tax loss on investment transactions and seek to raise $2.25 billion through … Continue reading Silicon Valley Bank: Shares Plummet 70%, Clients Reportedly Told Wires Are “Backed Up”