Silicon Valley Bank's former owner gains approval to end bankruptcy

Silicon Valley Bank News

Silicon Valley Bank's former owner gains approval to end bankruptcy
SVB Financial GroupSVB FinancialBank Accounts
  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 19 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 63%

SVB Financial Group, the former owner of failed Silicon Valley Bank, received a U.S. judge's permission on Friday to turn over its assets to creditors and...

SVB Financial Group, the former owner of failed Silicon Valley Bank , received a U.S. judge's permission on Friday to turn over its assets to creditors and end its bankruptcy. Its bankruptcy restructuring has made provision for the creation of a trust to pursue litigation against the U.S. Federal Deposit Insurance Corporation which seized $1.9 billion from SVB Financial's bank accounts during Silicon Valley Bank 's 2023 collapse - one of the largest in U.S. banking history.

Snoop Dogg and Cookie Monster Surprise Martha Stewart with Special Cake for Her 83rd Birthday at Paris Olympics CLEVELAND — Coby Mayo, one of the top prospects in baseball, was recalled by the Baltimore Orioles on Friday to make his major league debut against the Cleveland Guardians.Which Emily Henry Books Are Becoming Movies? ‘Happy Place,’ ‘Book Lovers,’ Among Others

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

YahooFinanceCA /  🏆 47. in CA

SVB Financial Group SVB Financial Bank Accounts FDIC U.S. Federal Deposit Insurance Corporation

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Courting Silicon Valley: How Harris and Vance are competingCourting Silicon Valley: How Harris and Vance are competingFormer President Donald Trump's selection of JD Vance as his running mate seemed to attract Silicon Valley funding, given his close ties to tech leaders...
Read more »

Crypto libertarians and Silicon Valley billionaires: The mashup fueling new support for TrumpCrypto libertarians and Silicon Valley billionaires: The mashup fueling new support for TrumpDonald Trump looks to solidify support from the crypto world with a speech before thousands of bitcoin enthusiasts in Nashville.
Read more »

Silicon Valley Billionaires Scrap Plan for Utopia City Ballot Initiative after Damning ReportSilicon Valley Billionaires Scrap Plan for Utopia City Ballot Initiative after Damning ReportIt turns out that Utopia is expensive.
Read more »

Can Kamala Harris win Silicon Valley?Can Kamala Harris win Silicon Valley?Box CEO Aaron Levie hopes the Democratic Party can put forward a 'very clear tech policy.'
Read more »

Donald Trump Will Walk On Stage Tonight With Big Silicon Valley Money Behind HimDonald Trump Will Walk On Stage Tonight With Big Silicon Valley Money Behind HimMatt Shuham is a reporter on the HuffPost national desk. You can reach him at matt.shuhamhuffpost.com, mattshuhamprotonmail.com, or via Signal, WhatsApp and Telegram at 646-397-4678.
Read more »

With Trump VP pick J.D. Vance, Silicon Valley conservatives land a ‘tech bro’ on the ticketWith Trump VP pick J.D. Vance, Silicon Valley conservatives land a ‘tech bro’ on the ticketTrump’s pick of J.D. Vance as running mate has Silicon Valley conservatives hopeful
Read more »



Render Time: 2025-02-15 14:06:01