Post by: newshunter on March 18, 2023, 01:00:57 PM
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.”
Source: Breaking: SVB Financial Group files for Chapter 11 bankruptcy (https://cointelegraph.com/news/svb-financial-group-files-for-chapter-11-bankruptcy)
Would appreciate your opinion about this