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It has been an eventful few weeks (to say the least). On March 8, 2022, Silvergate Capital Corporation (parent company of Silvergate Bank) decided to voluntarily liquidate. Subsequently, Silicon Valley Bank (SVB) (3/10/23) and Signature Bank (3/12/23) were placed into FDIC receiverships. On March 17, 2023, SVB Financial Group (the former parent of SVB) filed a mega Chapter 11 in the Southern District of New York. Check out our tracker to stay up to date on mega Chapter 11 filings (and the below related content discussing issues pertinent to the bank failures).
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