Sharon Stone's Financial Loss: Half Her Fortune Gone Due to Banking Issue

Actress Sharon Stone revealed at a recent fundraiser that she lost half her money to "this banking thing," which she did not specify but came just after the collapse of Silicon Valley Bank (SVB). The bank, which primarily served tech start-ups, was the 16th largest bank when it was shut down on March 10 by California regulators. The FDIC took over the bank's operations following a liquidity crisis as depositors rushed to withdraw their money amid a panic over the bank's health.