Stock Market News
Bankrupt SVB Financial still exploring options for fund management business
2023.06.21 17:50
© Reuters. The logo of Silicon Valley Bank SVB is pictured at its German branch in Frankfurt, Germany, March 13, 2023. REUTERS/Tilman Blasshofer
(Reuters) – SVB Financial Group said on Wednesday it is continuing to evaluate strategic alternatives for its fund management business, SVB Capital, and other assets.
The statement comes days after the bankrupt firm said it would sell its investment banking division, SVB Securities, to a group led by the segment’s chief executive officer.
