SVB Parent Gets OK For $340M Sale Of Financial Biz

By Rick Archer · May 29, 2024, 2:26 PM EDT

A New York bankruptcy judge gave the former parent of Silicon Valley Bank permission Wednesday to sell its still-solvent investment arm for $340 million, and told it he will rule on...

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Case Information

Case Title

SVB Financial Group and SVB Financial Trust

Case Number

1:23-bk-10367

Court

New York Southern

Nature of Suit

Date Filed

March 17, 2023