The filing came just days after federal regulators were forced to shut down SVB, which faced a run from worried depositors after its disclosure of $1.8 billion loss on underwater sales of its bond portfolio sparked fears that accounts could be wiped out.
SVB Financial Group said it is “no longer affiliated with Silicon Valley Bank” following its collapse into federal receivership. The Federal Deposit Insurance Corp. is now running its successor, Silicon Valley Bridge Bank, which is not part of the bankruptcy filing.
If he goes bankrupt, there will be no other organization to buy him, right?
Happy St. Patrick’s Day!
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Silicon Valley Bank’s Parent Company Files for Chapter 11 Bankruptcy ProtectionSVB Financial Group filed for chapter 11 protection on Friday in New York bankruptcy court, the largest bankruptcy filing stemming from a bank failure since Washington Mutual Inc. in 2008. It didn’t need a bailout Holy Molly. Confidence shattered ! Ils devraient saisir les biens personnel des hauts dirigeants eux qui on vendu leurs actifs quelques heures avant la chute. Crosseurs et Mauvais gestionairs!!!
مصدر: WSJ - 🏆 98. / 63 اقرأ أكثر »
Silicon Valley Bank's holding company files for Chapter 11 bankruptcy protection in NYSVB Financial Group on Friday announced it has filed for Chapter 11 bankruptcy protection in the Southern District of New York in order to preserve its value. Let’s get inflation under control, so we can start reversing interest rates. Then we’ll be able to prevent more of these banks from failing. The way to do that is no more stimulus money Joe. Haha what is breaking news about that
مصدر: FoxNews - 🏆 9. / 87 اقرأ أكثر »