Breaking: SVB Financial Group files for Chapter 11 bankruptcy

PANews ｜2023-03-17 20:35

SVB Financial Group, the former umbrella entity of Silicon Valley Bank, has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of New York to "preserve value."

Author ：PANews
This article reflects the opinions of PANews's columnist and does not represent the stance of PANews. PANews does not assume legal responsibility. The article and opinions do not constitute investment advice.
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