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SVB Financial files for Ch. 11 bankruptcy protection, says it has $2.2B in liquidity
SVB Financial Group files for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York. It says it has approximately $2.2 billion in liquidity, $3.3 billion in unsecured notes and $3.7 billion in preferred equity. The court-supervised process will evaluate strategic alternatives for SVB Capital, SVB Securities and other assets, while the two businesses continue operating and are marketed separately.
Mar 2023 · TechCrunchNews article
SVB Securities
Operating Status: Operating
SVB Securities, a Boston-based investment bank, specializes in technology and healthcare financial solutions.