SVB Financial Group, parent of Silicon Valley Bank, files for bankruptcy protection

Silicon Valley Bank left a void that won't easily be filled

By Nicole Goodkind, CNN It’s difficult to overstate the influence that Silicon Valley Bank had over the startup world and the ripple effect its collapse this month had on the global tech sector and banking system. While SVB was largely known as a regional bank to those outside of the tight-knit venture capital sphere, within certain circles it had become an integral part of the community — a bank that managed the idiosyncrasies of the tech world…

Silicon Valley Bank left a void that won't easily be filled

It's difficult to overstate the influence that Silicon Valley Bank had over the startup world and the ripple effect its collapse this month had on the global tech sector and banking system.

Parent of Silicon Valley Bank Seeks Bankruptcy Protection

Parent company of Silicon Valley Bank files for bankruptcy NEW YORK (AP) — The parent company of Silicon Valley Bank has filed for Chapter 11 bankruptcy protection. The move comes a week after the tech-focused bank failed in a sudden collapse that set off fears of wider problems in the global banking system.

SVB Financial, parent firm of Silicon Valley Bank, files for bankruptcy protection

The parent company of Silicon Valley Bank filed for bankruptcy protection after regulators seized the company's banking unit as concern spread among its long-standing clientele of tech startups.  In a Chapter 11 petition filed in New York, SVB Financial Group listed assets and liabilities totalling up to $10 billion each, as per a Bloomberg report. 

Silicon Valley Bank parent company files for bankruptcy

SVB Financial Group filed for Chapter 11 bankruptcy days after it was targeted in a class action lawsuit by shareholders.

SVB Financial seeks bankruptcy protection as banking turmoil persists

SVB Financial Group's move to begin bankruptcy proceedings comes as emergency measures to shore up confidence have so far failed to dispel worries about a financial contagion