SVB Unsuccessful in Raising Cash is trying to sell itself: CNBC

1 points by kxter 3 years ago | 1 comment

SVB Financial Group stock SIVB, is retaining advisers for a potential sale of the company amid a liquidity crunch, CNBC-TV’s David Faber reported on Friday. The company is not being successful in efforts to raise more cash, he said. The stock has been halted since shortly after 8:30 a.m. Eastern Time.

senttoschool 3 years ago |

The most likely outcome is a bigger bank will come in and buy it.