Media: SVB Financial considers bankruptcy of Silicon Valley Bank

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Media: SVB Financial considers bankruptcy of Silicon Valley Bank

Media: SVB Financial Considers Silicon Valley Bank Bankruptcy Option – RIA Novosti, 03/15/2023

Media: SVB Financial considers bankruptcy of Silicon Valley Bank

SVB Financial Group, parent of Silicon Valley Bank, plans to file for bankruptcy, Reuters reports citing… RIA Novosti, 03/15/2023

2023-03-15T23:31

2023-03-15T23:31

2023-03-15T23:31

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MOSCOW, March 15 – RIA Novosti. SVB Financial Group, the parent company of Silicon Valley Bank, is considering filing for bankruptcy, Reuters reported, citing people familiar with the matter. On March 10, California state regulators shut down Silicon Valley Bank, one of the twenty largest commercial banks in the United States. It is the largest bank failure in the United States since the 2008 crisis. SVB Financial said on Monday it was considering strategic alternatives for its holdings, Reuters notes, but did not list bankruptcy as an option. . According to the agency’s interlocutors, SVB Financial has not taken a final decision and is still trying to find buyers without filing for bankruptcy.

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2023

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economy, United States, California

Media: SVB Financial considers bankruptcy of Silicon Valley Bank