The news comes on the heels of SVB's parent company, SVB Financial Group, failing to raise enough cash to sustain operations.
SVB is a major bank for venture-backed companies, and it cited cash burn from clients as one reason it was looking to raise additional capital. The bank's troubles underscore the difficulty companies face as of late due to escalating interest rates and a looming recession...Read More
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
Posted In:
