SVB launched the share sale after losing around $1.8bn when it offloaded a portfolio of assets, mainly US government bonds. Shares in banks around the world have slid after troubles at one United States bank triggered fears of a wider problem for the financial sector. Silicon Valley Bank ‘s shares saw their biggest one-day drop on record on Thursday as they plunged by more than 60% and lost another 20% in after-hours trade. The slide came a day after the bank announced a $2.25bn (£1.9bn) share sale to boost its finances. Will this interfere with Startups funding in the developing nations ?
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