Hedge funds offering to buy startup deposits stuck at Silicon Valley Bank, Semafor reports

March 11 (Reuters) - Hedge funds are offering to buy the deposits of startups stranded at Silicon Valley Bank for as little as 60 cents on the dollar, Semafor reported on Saturday, citing people familiar with the matter.

Firms like Oaktree that invest in distressed debt are reaching out to startups in the wake of the bank’s failure and seizure by the Federal Insurance Deposit Corp, the report said.

Reporting by Kanjyik Ghosh in Bengaluru; editing by Grant McCool

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

Hedge funds offering to buy startup deposits stuck at Silicon Valley Bank, Semafor reports

By Reuters

Reuters

Reuters

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Solid price gains for gold, silver after busy news weekend

Bitcoin remains a ‘speculative vehicle’ and ‘won’t work’ as a reserve: ‘I prefer gold’ – Ray Dalio