SVB Financial is looking for a buyer for SVB Securities and its SVB Capital VC division

SVB Financial is looking for a buyer for SVB Securities and its SVB Capital VC division

a year ago
Anonymous $Gb26S9Emwz

https://techcrunch.com/2023/03/13/svb-capital-svb-security-strategic-alternatives/

Frenetic buyer interest in SVB Bank may have cooled a little this morning after the U.S. government announced a backstop, with existing deposits covered while SVB Bank remains under the control of the FDIC. But in the meantime, there are further SVB-connected assets with their future up in the air.

SVB Financial, the holding company parent of the failed SVB Bank, said today that it was formally seeking strategic alternatives for SVB Capital and SVB Securities, two subsidiaries not directly connected to the collapsed bank.

SVB Financial is looking for a buyer for SVB Securities and its SVB Capital VC division

Mar 13, 2023, 3:38pm UTC
https://techcrunch.com/2023/03/13/svb-capital-svb-security-strategic-alternatives/ > Frenetic buyer interest in SVB Bank may have cooled a little this morning after the U.S. government announced a backstop, with existing deposits covered while SVB Bank remains under the control of the FDIC. But in the meantime, there are further SVB-connected assets with their future up in the air. > SVB Financial, the holding company parent of the failed SVB Bank, said today that it was formally seeking strategic alternatives for SVB Capital and SVB Securities, two subsidiaries not directly connected to the collapsed bank.