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Parent company of Silicon Valley Bank files for bankruptcy

Por: Portland Press Herald World March 17, 2023

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A line forms outside a Silicon Valley Bank branch location on Monday in Wellesley, Mass. Steven Senne/Associated Press, file The parent company of Silicon Valley Bank filed for Chapter 11 bankruptcy protection Friday, a week after the tech-focused bank failed in a sudden collapse that set off fears of wider problems in the global banking system. The filing from SVB Financial Group was widely expected, with much of the company now under the... + full article



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