😲 What the Heck Silicon Valley Bank?

Higher interest rates can have unexpected consequences it turns out.

Photo by Tyler Casey on Unsplash

Hey Everyone,

The Santa Clara, California-based SVB, literally “Silicon Valley Bank” is in serious trouble.

Shares of tech-focused bank SVB Financial plunged by 60% on Thursday after the company announced a plan to raise more than $2 billion in capital to help offset losses on bond sales.

So today it’s down another 43% in …