According to CNBC, according to the terms of the previously announced plan, SVB Financial Group plans to sell US$1.25 billion of common shares and another US$500 million of convertible preferred shares. The group also announced an agreement with investment company General Atlantic to sell $500 million in common shares, although the agreement will be contingent on the completion of another common share issuance. However, savings outflows from Silicon Valley Bank, a unit of the group, outpaced its efforts to raise funds from asset sales. Rising interest rates, fears of a recession and a slowdown in the initial public offering process have made it harder for early-stage companies to raise more cash, leading them to draw down their deposits with banks such as Silicon Valley Bank. But Wall Street analysts said it seemed unlikely that SVB Financial Group's problems would spread broadly throughout the banking system.