Silicon Valley Bank on Thursday scrambled to reassure its venture capital clients their money was safe after a capital raise led to its stock collapsing 60%. To manage the cash crunch, the bank's publicly traded parent, SVB Financial, has sold fixed-income investments worth 21 billion US dollars at a roughly 1.8 billion after-tax loss and is now seeking to raise new capital through a share sale. Bank of England Hikes Interest Rates to 4%, Says Inflation in UK Has Peaked.

Silicon Valley Bank in Trouble:

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