SVB financial files for chapter 11 bankruptcy protection
3 min read . Updated: 17 Mar 2023, 09:52 PM IST
Premium- Silicon Valley Bank, now under the control of the Federal Deposit Insurance Corp., isn’t part of the chapter 11 filing
The parent company of Silicon Valley Bank filed for bankruptcy, easing a sale of its remaining assets after the technology-focused bank at the core of its business was seized by federal regulators.
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