Silicon Valley Bank's former parent company, SVB Financial Group, filed for bankruptcy a week after a run on deposits prompted regulators to seize its banking unit. This as President Joe Biden seeks tougher penalties for executives of failed banks.
Silicon Valley Bank's former parent company, SVB Financial Group, filed for bankruptcy a week after a run on deposits prompted regulators to seize its banking unit. This as President Joe Biden seeks tougher penalties for executives of failed banks.