SVB Financial Group, the company whose former subsidiary Silicon Valley Bank was taken over by the Federal Deposit Insurance Corporation last week, filed a voluntary petition for a court-supervised reorganization under Chapter 11 in the Bankruptcy Court for the Southern District of New York to "preserve value." SVB Financial said it has approximately $2.2 billion of liquidity and cash and its interests in SVB Capital and SVB Securities. It also said it has "other valuable investment securities accounts and other assets for which it is also exploring strategic alternatives." SVB Financial said SVB Securities, SVB ... (full story)