Breaking: SVB Financial Group files for Chapter 11 bankruptcy
SVB Financial Group, the former apex of Silicon Valley Bank, has filed for Chapter 11 bankruptcy with the United States Bankruptcy Court for the Southern District of New York to "preserve value".
![Breaking: SVB Financial Group Files Chapter 11 bankruptcy](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2023-03/ecaf7c52-4e47-4f7c-baa0-18f4ea253fe0.jpg)
![Breaking: SVB Financial Group files for Chapter 11 bankruptcy](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDMvZWNhZjdjNTItNGU0Ny00ZjdjLWJhYTAtMThmNGVhMjUzZmUwLmpwZw==.jpg?#)
SVB Financial Group, the former apex of Silicon Valley Bank, has filed for Chapter 11 bankruptcy with the United States Bankruptcy Court for the Southern District of New York to "preserve value".
![Breaking: SVB Financial Group Files Chapter 11 bankruptcy](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2023-03/ecaf7c52-4e47-4f7c-baa0-18f4ea253fe0.jpg)
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