Friday, March 17, 2023

Axios Alerts: Silicon Valley Bank's holding company files for Chapter 11

 
Axios Logo  Alerts
 
Dan Primack, Michael Flaherty   
SVB Financial Group files for Chapter 11
Why it matters: It's an effort to preserve value for the remaining businesses that sit within the holding company. The filing doesn't include the bank itself, which was taken over by the FDIC.
Read on Axios
 

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