Silicon Valley Bank Financial files for bankruptcy as it moves to sell non-bank units

SVB Financial Group filed for bankruptcy protection on Friday, one week after government regulators seized its bank.

The California parent company of failed Silicon Valley Bank said in a press release that the filing doesn't include the funds of its Boston-based investment bank SVB Securities, its venture unit called SVB Capital nor its general partner entities.

The filing doesn't affect Silicon Valley Bridge Bank N.A., which is the bank set up this week by the Federal Deposit Insurance Corp. The…

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