March 17, 2023
Afternoon Brief, March 17th
SVB Financial Files for Ch. 11 Bankruptcy Protection, Says It Has $2.2 Billion in Liquidity: One week after trading was halted for SVB Financial and regulators took control of the holding company for Silicon Valley Bank and other subsidiaries, SVB Financial has taken the next inevitable step: Today it announced that it has formally filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York...
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