Silicon Valley Bank announces a massive loss of $1.8 billion

On March 8,mt4 Android download 2023, Silicon Valley Bank announced it had incurred a $1.8 billion loss in the sale of securities, including government and mortgage bonds, which had significantly depreciated over the past year due to substantial interest rate hikes by the Federal Reserve. The bank also announced plans to raise more than $2 billion in capital to strengthen its balance sheet.

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.