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Cabinet News - Research and commentary on regulatory and other financial services topics. Cabinet News - Research and commentary on regulatory and other financial services topics. Cabinet News - Research and commentary on regulatory and other financial services topics.
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SVB Financial Group Chapter 11 Case – Issues with the FDIC May Be Front and Center
March 23, 2023
Profile photo of contributor Ingrid Bagby
Partner | Financial Restructuring
Profile photo of contributor Kathryn M. Borgeson
Partner | Financial Restructuring
Profile photo of contributor Anthony L. Greene
Associate | Financial Restructuring

This Clients & Friends Memo provides a general overview of the SVB Financial Group chapter 11 case, the first day hearing, and certain issues that may arise in connection with the bankruptcy proceedings. The memo highlights potential complications that may arise among SVB Financial Group (the Debtor), the Bridge Bank, and the FDIC, particularly due to the interrelatedness of the Bridge Bank and SVB Financial Group.

Read it here.

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