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Parent company of Silicon Valley Bank filing for bankruptcy protection | CBC News

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The parent company of Silicon Valley Bank, seized last week by the U.S., is filing for Chapter 11 bankruptcy protection.

SVB Financial Group targeted in a class-action lawsuit claiming company didn't disclose risksThe Silicon Valley Bank logo is seen through broken glass in this illustration from March 10. The bank's parent company, SVP Financial Group, is filing for Chapter 11 bankruptcy protection.

 

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