Home World News Middle East US Silicon Valley Bank's Former Holding Company Says Filed for Bankruptcy Protection

US Silicon Valley Bank's Former Holding Company Says Filed for Bankruptcy Protection

US Silicon Valley Bank's Former Holding Company Says Filed for Bankruptcy Protection

WASHINGTON (Sputnik) – Silicon Valley Bank’s former parent company SVB Financial Group said on Friday that it has filed for Chapter 11 bankruptcy protection in the state of New York in a bid to preserve value as it auctions off its assets.

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