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Redfin Co. (NASDAQ:RDFN – Get Rating)’s stock price traded down 5.7% during trading on Friday . The company traded as low as $7.80 and last traded at $7.82. 1,545,878 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 4,250,985 shares. The stock had previously closed at $8.29. Analyst […]
Watching the banking industry descend into turmoil is unnerving. But unless your financial goals have changed, embrace inaction.
While its leader extolled innovation and the future of tech, the bank paid less attention to risk management and was caught flat-footed by economic change.
According to former employees and customers, Silicon Valley Bank had multiple problems — including systemic tech issues — long before the bank's collapse.
A former Silicon Valley Bank employee and some SVB clients say the firm’s inadequate technology created problems long before the run on the bank.