SVB Financial Plans to Transfer VC Business to Creditors: Analysis

SVB Financial Group Plans to Transfer Venture Capital Operations Amidst Bankruptcy Battle

Silicon Valley Bank’s parent company, SVB Financial Group, has announced its intention to transfer its remaining venture capital operations to a new company as it continues to battle against the appropriation of funds by U.S. regulators. In court documents submitted on Tuesday, SVB Financial detailed its plan to restructure and create a new entity supported by its creditors.