BREAKING NEWS: Silicon Valley Bank's holding company files for Chapter 11 bankruptcy protection in NY
Viome founder and CEO Naveen Jain discusses how his business had $25 million stored in Silicon Valley Bank on 'Mornings with Maria.'
SVB Financial Group has filed for Chapter 11 bankruptcy protection in a New York court after Silicon Valley Bank collapsed last week, upending the world of tech startups. The company said in a statement that SVB Securities and SVB Capital's funds and general partner entities are not included in the Chapter 11 filing and continue to operate in the ordinary course as the company explores "strategic alternatives" for these businesses.The Silicon Valley Bank logo is seen through a rain covered window in front of the SVB headquarters on March 10, 2023 in Santa Clara, California. Silicon Valley Bank was shut down on Mar.
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