Silicon Valley Bank's Holding Company Files for Chapter 11 Bankruptcy Protection with $2.2B in Liquidity.

SVB Financial has filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the Southern District of New York. The holding company for Silicon Valley Bank and other subsidiaries has $2.2bn in liquidity and plans to apply to the courts to resume activities while finding buyers for its assets, including SVB Securities and SVB Capital. The latter two are technically different legal entities and are therefore not included in the Ch. 11 filing. They are continuing to operate while also being shopped around separately to potential buyers.