📢 Breaking: SVB Financial Group files for Chapter 11 bankruptcy to "preserve value." Announcing the news on March 17, S…

📢 Breaking: SVB Financial Group files for Chapter 11 bankruptcy to "preserve value."

Announcing the news on March 17, SVB said that SVB Securities and SVB Capital’s funds and general partner entities are not included in the bankruptcy proceedings. The entities will continue to operate in the ordinary manner while SVB Financial Group proceeds to explore strategic alternatives for its businesses.

https://cointelegraph.com/news/svb-financial-group-files-for-chapter-11-bankruptcy