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

Summary by Bloomberg

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

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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, India

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News18 India

Silicon Valley Bank Officially Files For Bankruptcy

SVB Financial Group was earlier exploring bankruptcy protection as an option for selling assets that include its investment bank and venture capital business

3 months ago·India

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The Guardian

Silicon Valley Bank’s parent company files for bankruptcy

SVB Financial Group files for chapter 11 protection but failed Silicon Valley Bank, now under FDIC control, is not part of bankruptcy

3 months ago·London, United Kingdom

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Reuters

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 Kingdom

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