SVB Financial Group files 'First Day Motions' in bankruptcy court

Illustration shows destroyed SVB (Silicon Valley Bank) logo
Destroyed SVB (Silicon Valley Bank) logo is seen in this illustration taken March 13, 2023. REUTERS/Dado Ruvic/Illustration

March 20 (Reuters) - SVB Financial Group (SIVB.O) on Monday filed a number of "First Day Motions" to seek authorization from a bankruptcy court to support the operations of the company's SVB Capital and SVB Securities businesses.

Reporting by Manya Saini in Bengaluru; Editing by Arun Koyyur

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