The Bank Slate


SVB reviewing options for remaining businesses

SVB Financial in Santa Clara, Calif., is exploring strategic options for its businesses that were not seized by regulators on Friday.

SVB said in a press release that its board had formed a restructuring committee consisting of five independent directors to review options for the holding company and units SVB Capital and SVB Securities.

SVB Capital is a venture capital and private credit fund platform, while SVB Securities is an investment bank that serves the innovation economy.

The committee will also explore alternatives to address about $3 billion of funded debt held by the holding company.

Centerview Partners, Sullivan and Cromwell and Alvarez & Marsal are advising SVB.

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