SVB Financial Group files for bankruptcy
Silicon Valley Bank's parent company filed for Chapter 11 after the bank was placed in FDIC receivership last week.
Silicon Valley Bank’s parent company filed for bankruptcy after worry spread among its long-established customer base of tech startups, prompting regulators to seize the firm’s banking unit.
SVB Financial Group listed assets and liabilities of as much as $10 billion each in a Chapte
Learn more about reprints and licensing for this article.