Silicon Valley Bank Collapse 2023: The well known venture capital oriented banking institution has fallen into mockery, SVB Financial Group is at minus (SIVB -60.41%), a parent company of Silicon Valley Bank. The bank’s shares also fell by more than 60% on Thursday last week after news emerged that the bank needed to raise capital, and just a day after trading was halted for another 60% plunge in premarket activity. The bank was trading for less than $40 in Friday’s pre-market session and it was a 52-week high just shy of $600 per share. Currently regulators have no choice but to officially close the bank.