delisting notice

According to reports, Silicon Valley Bank Financial Group said that it received a notice from Nasdaq on Friday that its shares would be delisted because it no longer meets the requirements for continued listing. The stock was suspended from trading on March 10th and will cease listing on March 28th. It is reported that the company does not intend to appeal against the Nasdaq decision. Silicon Valley Bank Financial Group to be delisted from NASDAQ Analysis based on this information:Silicon Valley Bank Financial Group, a California-based commercial bank, has received a delisting notice from Nasdaq after it failed to meet the requirements for continued listing. The bank’s shares were suspended from trading on March 10th and will be delisted on March 28th. The decision to delist came after the bank was found to be noncompliant with the exchange’s rules regarding minimum net income and stockholders’ equity. This announcement is a significant blow to Silicon Valley Bank, which has been struggling…