|Day's range||0.1500 - 0.1500|
Weeks after the collapse of SVB Financial, the parent company of Silicon Valley Bank, I think it's safe to say that there are still lessons to be learned by stakeholders. After all, SVB catered to many growth companies and the stock itself really acted much more like a growth stock in recent years, surging from around $250 per share prior to the pandemic all the way to about $750 per share in November 2021 when the markets were raging.
In the latest trading session, Silvergate Capital Corporation (SI) closed at $1.62, marking no change from the previous day.
CFPB Director Rohit Chopra sits down with Yahoo Finance’s Jennifer Schonberger to discuss the state of the banking system, the causes of the Silicon Valley Bank failure, and the proposals for banking safeguards.