• About Us
  • Careers
  • Contact
No Result
View All Result
Wednesday, August 6, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News Latest News

SVB Financial Group File Voluntary Petition for Chapter 11 Bankruptcy

17 March 2023
in Latest News, News
Reading Time: 3 mins read
107 1
SVB Financial Group File Voluntary Petition for Chapter 11 Bankruptcy

Image source: seekingalpha.com

SVB Financial Group has reportedly submitted a voluntary petition to the United States Bankruptcy Court for the Southern District of New York to undergo a court-supervised reorganization under Chapter 11. This measure is intended to protect the company’s value.

SVB Financial Group clarified that the bankruptcy proceedings exclude SVB Securities and SVB Capital’s funds and general partner entities, which will operate normally while the company explores strategic alternatives for its businesses. 

The company also announced that it dissociated its affiliation with Silicon Valley Bank N.A. and SVB Private. The Federal Deposit Insurance Corporation manages Silicon Valley Bridge Bank, N.A., and has no involvement in the Chapter 11 petition.

The report stated that SVB Financial Group has approximately $2.2 billion in liquidity, including cash, interests in SVB Capital and SVB Securities, and other valuable investment securities accounts and assets. The group is currently considering strategic alternatives for these additional assets.

SVB Financial Group’s funded debt amounts to around $3.3 billion in aggregate principal value of unsecured notes, and they have no claim against SVB Capital or SVB Securities. The group also has $3.7 billion of outstanding preferred equity.

 William Kosturos, Chief Restructuring Officer for SVB Financial Group, stated:

“The Chapter 11 process will allow SVB Financial Group to preserve value as it evaluates strategic alternatives for its prized businesses and assets, especially SVB Capital and SVB Securities.”

He confirmed that the leadership teams of SVB Capital and SVB Securities remain independent and will continue to serve their clients. He added that they “are committed to finding practical solutions to maximize the recoverable value for stakeholders of both entities.”

Kosturos also noted that SVB Financial Group intends to maintain a collaborative relationship with Silicon Valley Bridge Bank.

 

If you would like to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: BankBANKRUPCYSVB
Share63Tweet39Share11
Favour Udeo

Favour Udeo

Favour is a writer, who is interested in blockchain, DeFi, and Web3 in general. She finds machine learning and emerging technologies interesting.

Related Posts

Satsuma Technology Raises Over $217M, Embraces Bitcoin for Treasury Strategy
Bitcoin

Satsuma Technology Raises Over $217M, Embraces Bitcoin for Treasury Strategy

6 August 2025
BDACS Launches Institutional XRP Custody in South Korea, Strengthening Ties with Ripple
Crypto

BDACS Launches Institutional XRP Custody in South Korea, Strengthening Ties with Ripple

6 August 2025
The Smarter Web Company Raises $21M in Bitcoin-Denominated Bond, a First for UK Markets
Bitcoin

The Smarter Web Company Raises $21M in Bitcoin-Denominated Bond, a First for UK Markets

6 August 2025
Jupiter Lend Launches Private Beta on Solana with Focus on Security and User Feedback
Solana

Jupiter Lend Launches Private Beta on Solana with Focus on Security and User Feedback

6 August 2025

Editors Picks

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

byOlayinka Sodiq
21 July 2025
0

Which Pays Better Right Now: DeFi’s High-Yield Pairs or Traditional Finance’s Cash Vehicles?

Which Pays Better Right Now: DeFi’s High-Yield Pairs or Traditional Finance’s Cash Vehicles?

byOlayinka Sodiq
6 July 2025
0

The Future of Crypto Could Be Institutional—And That’s Not a Bad Thing

The Future of Crypto Could Be Institutional—And That’s Not a Bad Thing

byOlajumoke Oyaleke
30 June 2025
0

What Is a Rebase Token and How Does It Work?

What Is a Rebase Token and How Does It Work?

byOlajumoke Oyaleke
28 June 2025
0

Smart Contracts on Ethereum, Solana, vs. Other Blockchains

Smart Contracts on Ethereum, Solana, vs. Other Blockchains

byOlajumoke Oyaleke
26 June 2025
0

Read More

Chain of Thoughts

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Markets Update

US Ether ETFs Turn One: What $16.6B in Assets and Bullish Inflows Signal for the Future

3 days ago

Is ETH Restaking Driving Efficiency or Introducing a Dangerous Complexity?

4 days ago

Your Weekend Crypto Roundup | August 2025 (Week 1)

5 days ago

Meta’s $72 Billion AI Investment: A Strategic Shift from the Metaverse to Artificial Intelligence

6 days ago

Is Web3 Finally Solving Its Risk Problem? A Market Review of DeFi Insurance Models

1 week ago

How Coinshift Is Progressing the Stablecoin Space

1 week ago
Read More

Events

Rare Evo 2025
Rare Evo 2025
6 Aug 25
Las Vegas
CBDC Conference
CBDC Conference
9 Sep 25
Nassau

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

Bybit’s Ben Zhou Charts Bold New Course to Rewrite Crypto Success at Mid-Year Keynote

bychainwire
6 August 2025
0

Flipster and Kaia Partner to Extend Stablecoin Access Across Asia

bychainwire
6 August 2025
0

Dreamcash Begins Rollout of Trading Platform with Hyperliquid Integration via Waitlist Access

bychainwire
5 August 2025
0

Succinct, the First Decentralized Prover Network, Launches on Mainnet

bychainwire
5 August 2025
0

ONyc Launches on Kamino, Unlocking Real-World Yield and Collateral Utility in Solana DeFi

bychainwire
5 August 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00