AFPSVB Securities and SVB Capital's funds and general partner entities are not included in the Chapter 11 filing, the company said.
The plan to seek bankruptcy protection comes after the tech lender said on March 13 it was planning to explore strategic alternatives for its businesses, including the holding company, SVB Capital and SVB Securities.
California banking regulators closed the bank on Friday and appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for later disposition of its assets.
Friday, 17 Mar, 2023- Front Page
- Pure Politics
- ET Markets
- Smart Investing
- More
RBI Keeps Close Watch on Credit Suisse CrisisThe Reserve Bank of India (RBI) is monitoring developments related to Credit Suisse, though the Swiss lender’s limited size and scope in the country means that any major impact is unlikely, said people familiar with the matter. Local bond traders said the risk of contagion is negligible. Bankers said Credit Suisse India will have enough capital.
Vinod Adani Part of Promoter Group: Adani Group to BoursesThe Adani Group said Vinod Adani continues to be a part of the promoter group, in a stock exchange filing on Thursday.
After Notices, e-Pharmacies Look to Make a Case to GovtOver a dozen online pharmacies are seeking an audience with health ministry officials to explain their stance over show-cause notices issued to them last month over sale of drugs in alleged violation of norms, top executives said.
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.
