Silicon Valley Bank's Former Parent Company Files for Bankruptcy

SVB Financial said it has around $2.2 billion in liquidity, about $3.3 billion in bond debt and $3.7 billion of preferred equity outstanding.

The company also specified that SVB Capital and SVB Securities, respectively its venture capital and broker-dealer arms, are not included in the bankruptcy filing.Adds additional detail on SIVB's financials and background on collapse of Silicon Valley Bank.Adds the SVB Financial is Silicon Valley Bank's former parent company in headline, first paragraph; adds that SVB Capital and SVB Securities are not included in the bankruptcy.

circle Ripple Plus causing a general sell-off in risk-on assets which didn't apply to Bitcoin in this instance.

circle Ripple Ripple.. I thought they had great banking relationships

circle Ripple What about Tether? Has anyone actually ever properly audited them yet?!

circle Ripple But ripple not so much 🥶

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