SVB Financial Group no longer owns Silicon Valley Bank, but tech financiers are already looking to reinvest in SVB despite the bank run they caused.
, the bank’s parent entity marked it had between 1,000 and 5,000 creditors. Chapter 11 is often called “reorganizational” bankruptcy, as the company is supposed to use the process to try and get back on its feet.
Silicon Valley Bank, the entity that caused this mess, isn’t part of the filings since it was taken over by regulators. Instead, the fillings show investment managing service SVB Capital, investment bank SVB Securities, and wealth-management group SVB Private are caught up in the mess, according toThe company had more than $19.6 billion in total assets and over $3.6 billion in debts.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Silicon Valley Bank’s parent company files for bankruptcy protectionSVB Securities and SVB Capital were not included in the filing by SVB Financial Group.
Leer más »
SVB Financial Group, parent of Silicon Valley Bank, files for bankruptcy protectionSVB Financial Group, along with its CEO and its chief financial officer, were targeted this week in a class action lawsuit that claims the company didn’t disclose the risks that future interest rate increases would have on its business.
Leer más »
SVB Financial Group, parent of Silicon Valley Bank, files for bankruptcy protectionSVB Financial Group, along with its CEO and its chief financial officer, were targeted this week in a class action lawsuit that claims the company didn’t disclose the risks that future interest rate increases would have on its business.
Leer más »
Parent of Silicon Valley Bank seeks bankruptcy protectionSVB Financial Group is filing for Chapter 11 bankruptcy protection. SVB Financial Group is no longer affiliated with Silicon Valley Bank or the bank's private banking and wealth management business, SVB Private. SVB Financial Group ran Silicon Valley Bank up until it was seized last Friday.
Leer más »
Silicon Valley Bank's Parent Company Files for BankruptcyThe company said on Friday it had filed for court-supervised reorganization in the United States Bankruptcy Court for the Southern District of New York
Leer más »
Silicon Valley Bank's former parent company has filed for bankruptcy protection | CNN BusinessSVB Financial Group, the company that owned the failed Silicon Valley Bank until the US government took it over last week, has filed for Chapter 11 bankruptcy protection.
Leer más »