SVB Debt-Holders Form Group Ahead of Possible Bankruptcy

Creditors of Silicon Valley Bank’s parent company, holding a sizable chunk of its $3.4 billion in bonds, have formed a group in anticipation of a potential bankruptcy filing, according to a Wall Street Journal report.

The investor group hopes to profit from a bankruptcy process, in which the collapsed lender’s private wealth unit and other non-bank businesses would be sold through an action, the report added, citing people familiar with the matter.

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