information agency "Reuters": the parent company Silicon Valley Bank submitted the application for bankruptcy

The former owner of failed Silicon Valley Bank (SVB) — the parent company SVB Financial Group — submitted the application to United States of America for reorganization according to chapter 11 of the Code of United States of America about bankruptcy. About it reports information agency "Reuters" with reference to the relevant document. The decision of the management of companies was accepted against closing with SVB Department of financial protection and innovations United States of America. After that the credit organization actually passed under control local regulatory bodies, is specified in a note. "The decision on the beginning of procedure of bankruptcy is connected with that emergency measures (the promised President of the United States Joe...