*Sunrun Doesn’t Expect Material Exposure to SVB From Hedging *Run Believes Svb Isn’t Ultimate Backer of Interest-Rate Hedges![]()
Sunrun’s Connection to SVB May Be Hurting Its Stock
SVB Financial Group, which was shut down by regulators on Friday, was a lender to clean energy firms like Sunrun, which is the largest residential solar developer in the U.S.finance.yahoo.com
Alcune settimane fa, qualcuno commentava i maxi accantonamenti di Goldman Sachs come un segnale dell'imminente recessione.FITCH RATINGS: US 2023 GROWTH TO 1.0% FROM 0.2%.
FITCH RATINGS: WE HAVE RAISED CHINA’S 2023 GROWTH FORECAST TO 5.2% FROM 4.1% IN DECEMBER.
FITCH RATINGS: WE SEE EUROZONE GROWTH TO 0.8% FROM 0.2% PREVIOUSLY.
Investors and depositors tried to pull $42 billion from Silicon Valley Bank on Thursday in one of the biggest US bank runs in more than a decade, according to a Friday regulatory filing.
At the close of business on March 9, the bank had a negative cash balance of $958 million, according to an order taking possession of the bank filed Friday by California’s bank regulator, the Department of Financial Protection and Innovation.
“Despite the bank being in sound financial condition prior to March 9, 2023, investors and depositors reacted by initiating withdrawals of $42 billion in deposits from the bank on March 9, 2023, causing a run on the bank,” the regulator said.