Silicon Valley Bank's parent company SVB Financial Group has filed for Chapter 11 bankruptcy protection.in the United States Bankruptcy Court for the Southern District of New York to preserve value.last week sending shockwaves through the banking world.
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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
Source: FoxNews - 🏆 9. / 87 Read more »
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!!!
Source: WSJ - 🏆 98. / 63 Read more »