SVB Financial Group

  1. March 20, 2023

    SVB Can't Transfer Accounts From Silicon Valley, FDIC Says

    Former Silicon Valley Bank parent SVB Financial Group cannot make Silicon Valley move SVB's accounts to a new bank, the Federal Deposit Insurance Corp. told a New York bankruptcy judge Monday, saying it would interfere with the FDIC's right to deny SVB insurance coverage for its accounts.

  2. March 17, 2023

    Silicon Valley Bank Parent Files For Ch. 11 In NY

    The former parent company of Silicon Valley Bank said Friday morning it has filed for Chapter 11 protection in New York bankruptcy court to explore "strategic alternatives" to deal with its $3.3 billion in debt.