SVB Financial Group filed for Chapter 11 bankruptcy Friday following the collapse of its former subsidiary Silicon Valley Bank, the second-largest bank failure in U.S. history. The parent company said that Silicon Valley Bridge Bank — which was formed after the Federal Deposit Insurance Corp. took control of SVB — and other subsidiaries will continue to operate. Federal regulators on Sunday used an emergency fund to protect SVB’s depositors, citing systematic risk to the U.S. banking system, but the bank’s shareholders and bondholders were not bailed out. SVB Financial Group said it had $2.2 billion in liquidity and $3.3 billion in unsecured debt at the time of the bankruptcy fi
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