SVB Financial Group, the former umbrella entity of Silicon Valley Bank, has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York to “preserve value.”
Banking giant HSBC announced that its U.K. arm is acquiring Silicon Valley Bank UK Limited (SVB UK) for one pound ($1.21).
The class-action suit was filed against Silicon Valley Bank, CEO Greg Becker and chief financial officer Daniel Beck.
Silicon Valley Bank was rated as one of the top banks in America for five years running prior to its closure by U.S. regulators in…
Bank run on Silicon Valley Bank, USDC depegged from U.S. dollar and FTX’s bankruptcy expenses hit $34 million in January.
The fire lit by Silvergate Bank and Silicon Valley Bank will make it harder for crypto to find financial partners.
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