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SVB Parent Company Seeks Bankruptcy Amid Asset Sale Process
Web: https://www.databreachtoday.co.uk/svb-parent-company-seeks-bankruptcy-amid-asset-sale-process-a-21463
March 17, 2023, 3:17 p.m. |
DataBreachToday.co.uk RSS Syndication www.databreachtoday.co.uk
The former parent company of Silicon Valley Bank filed for Chapter 11 bankruptcy protection Friday in an effort to streamline the sale of its assets. Silicon Valley Bank itself isn't included in the reorganization filing since the FDIC took over the commercial banking business on March 10.
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