US stocks, meanwhile, have managed to pull up from their recent bear market into bull territory.
Still, there’s good reason for investors to be optimistic, says Indrani De, head of global investment research at FTSE Russell.
That makes sense, since tech and energy stocks have largely been driving markets upward over the last few weeks.
For instance, leading venture capital firm Sequoia Capital held just more than $1 billion at SVB, according to the FDIC document.
The FDIC document shows that Circle held $3.3 billion at SVB, a figure that the stablecoin company previously disclosed.
Persons:
New York CNN —, Indrani De, Bell, De, froth, Matt Egan, SVB, Zhipin
Organizations:
CNN Business, Bell, New York CNN, FTSE Russell, Energy, Communications Services, Technology, Tech, Consumer Staples, FDIC, Bloomberg, Silicon Valley Bank, Bloomberg News, Sequoia Capital, PayPal, Google, Apple, Internet
Locations:
New York, Russia, disinflation, Silicon, Beijing