Hollywood actress Sharon Stone, who rose to stardom with the movie 'Basic Instinct,' revealed that she lost half of her fortune due to the bankruptcy of Silicon Valley Bank (SVB) and the closure of New York's Signature Bank.
The New York Post reported on the 17th (local time) that Sharon Stone mentioned the financial impact she suffered from the SVB bankruptcy while attending a fundraising event for the Women's Cancer Research Fund (WCRF) held the previous day.
At the cancer research fundraising event, she said, "I know it's difficult to send money via text," adding, "I'm technically not very savvy, but I can write a check. And right now, I have the courage to write a check because I understand what's happening. I lost half of my money (due to the SVB bank incident), but that doesn't mean I'm not here," expressing her feelings.
It has not been clearly revealed whether Sharon Stone personally lost assets in the SVB bankruptcy incident. However, since financial authorities such as the U.S. Federal Reserve (Fed) and the Federal Deposit Insurance Corporation (FDIC) intervened to guarantee all deposits held by the two banks, it is reported that the likelihood of Sharon Stone losing money is very low.
Meanwhile, SVB Financial Group, the parent company of SVB, which went bankrupt due to a massive withdrawal of deposits, filed for bankruptcy protection under Chapter 11 of the Bankruptcy Code with authorities on the same day. This came just a week after SVB was closed on the 10th due to insufficient liquidity and insolvency.
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