to steep losses logged a day earlier after the embattled lender's plans for a capital-raise fueled concerns about the strength of its balance sheet.
The startup-focused bank's shares slumped 60% on Thursday, its biggest loss ever, after disclosing plans to raise over $2 billion from investors to counter losses from the sale of its bond portfolio.
Brace for impact!
You’re late…
Wow I can’t believe “give us more money to cover our losses” wasn’t a winning strategy How tf is that an investment lol.
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