Embattled SVB Financial Group seeks protection from bankruptcy: Report

Mar 18, 2023, at 02:40 am

SVB Financial Group on Friday said it has applied for court-monitored restructuring under Chapter 11 bankruptcy protection to find potential buyers for its assets, Reuters reported.

Ranked among America's best banks by Forbes, SVB collapses days after: Regulators say, only depositors to be bailed out

Mar 13, 2023, at 01:23 pm

There will be no bail out for investors of the now-collapsed Silicon Valley Bank (SVB) that recently appeared in Forbes magazine's annual ranking of the best banks in America, for the fifth year in a row, according to media reports.

Name mix-up: Fall of Silicon Valley Bank leaves customers of Mumbai-based bank in panic mode

Mar 13, 2023, at 03:14 am

Mumbai: The collapse of Silicon Valley Bank (SVB), considered one of the biggest seen in the US since 2008, has impacted a Mumbai-based cooperative bank.