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SVB’s parent firm files for chapter 11 protection

0xMain
March 17, 2023

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A few days after its former business Silicon Valley Bank was taken over by U.S. authorities, SVB Financial Group said on March 17 that it had filed for a court-supervised restructuring under chapter 11 bankruptcy protection to seek purchasers for its assets. The...

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SVB parent company reportedly considering bankruptcy

0xMain
March 16, 2023

bankruptcy, company, Hacking, parent, reportedly, SVB

SVB Financial Group, the parent company of troubled U.S. lender Silicon Valley Bank (SVB), is looking for ways to sell off its assets and is considering entering bankruptcy protection as one of its options. Bankruptcy filing as an option for selling assets According...