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Silicon Valley Bank’s former parent company files for Chapter 11 bankruptcy protection

Por: New York Daily News Nation March 17, 2023

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SVB Financial Group filed for Chapter 11 bankruptcy protection on Friday, just days after U.S. regulators seized control of the beleaguered Silicon Valley Bank. The entity that once owned SVB listed assets and liabilities of up to $10 billion each in the petition, filed in the Southern District of New York. “The Chapter 11 process will allow SVB Financial Group to preserve value as it evaluates strategic alternatives for its prized businesses... + full article



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