SVB Financial Group (SIVB) Commences Chapter 11 Proceeding to Preserve Value

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Go back to SVB Financial Group (SIVB) Commences Chapter 11 Proceeding to Preserve Value

SVB Financial Group Commences Chapter 11 Proceeding to Preserve Value

March 17, 2023 8:00 AM EDT

SVB Securities and SVB Capital's Funds and General Partner Entities NOT Included in Chapter 11 Filing

Strategic Alternatives Process for SVB Capital and SVB Securities Operations Underway with Significant Interest

SANTA CLARA, Calif., March 17, 2023 /PRNewswire/ -- SVB Financial Group ("the Company") (NASDAQ: SIVB) today announced that it has filed a voluntary petition for a court-supervised reorganization under Chapter 11 in the United States Bankruptcy Court for the Southern District of New York to preserve value.

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