The filing comes days after a class action lawsuit accused the financial group of failing to disclose risks SVB Financial Group, the parent company of the failed Silicon Valley Bank prior to its takeover by regulators last week, has filed for Chapter 11 bankruptcy, the bank said in a statement on Friday. While Silicon Valley Bank was seized by the Federal Deposit Insurance Corporation after its value collapsed following a bank run last Friday, the rest of SVB Financial Group, which consists of a venture capital and private credit fund, a registered broker-dealer, and about $2.2 billion in liquid assets, will be so
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