Manan Josalia, an analyst at Morgan Stanley NY, saw risks rising around Silicon Valley bank (SVB) as tech startups have run out of cash, and warned in December that it was time to cut exposure to shares of parent company SVB Financial Group.
Just a few days before the Panic Movement broke out Silicon Valley Bank to a major crash within forty-eight hours, bank analysts remained optimistic about the company. According to data compiled by Bloomberg, most analysts who follow the company still advise investors to buy the stock.
One predicted that the share price would almost double to $500 (460 euros) in one year.
In short, much like regulators and investors, they were caught off guard by the Twitter-era bank scare that shook global markets, and brought a sensitive issue to light. Wall Street It has been discussed for decades.
there SVB She holds stakes and board seats in the top 10 venture capital firms in Silicon Valley.
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