Bank / Credit Union

SVB Financial Group appoints restructuring committee for subsidiaries

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March 15, 2023

SVB Financial Group has appointed a restricting committee of five directors to look at alternatives for both the holding company and its capital and securities businesses. These businesses are not a part of Silicon Valley Bank, which was taken over by the FDIC.

SVB Capital is a venture capital and private credit fund platform while SVB Securities is an investment bank. The restricting committee will look at ways to deal with the $3 billion of debt held by the holding company.