SVB Financial Group (SIVB) Commences Chapter 11 Proceeding to Preserve Value
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SVB Financial Group Commences Chapter 11 Proceeding to Preserve Value
March 17, 2023 8:00 AM UTCSVB 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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