SVB Financial Group, parent of Silicon Valley Bank, files for bankruptcy protection
Silicon Valley Bank’s parent company filed for bankruptcy protection after worry spread among its long-established customer base of tech startups, prompting regulators to seize the firm’s banking unit.
Published 3 months ago · Santa Clara, United States
Times of India
SVB Financial seeks bankruptcy protection for reorganisation
The plan to seek bankruptcy protection comes after the tech lender said on March 13 it was planning to explore strategic alternatives for its businesses, including the holding company, SVB Capital and SVB Securities.
3 months ago·Mumbai, IndiaRead Full Article
SVB Financial seeks bankruptcy protection for reorganization
SVB Financial Group said on Friday it filed for a court-supervised reorganization under Chapter 11 bankruptcy protection to seek buyers for its assets, days after its former unit Silicon Valley Bank was taken over by U.S. regulators.
3 months ago·United KingdomRead Full Article
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