Silicon Valley Bank's former owner gains approval to end bankruptcy

Silicon Valley Bank's former owner gains approval to end bankruptcy

FILE PHOTO: A security guard stands outside of the entrance of the Silicon Valley Bank headquarters in Santa Clara, California, U.S., March 13, 2023. REUTERS/Brittany Hosea-Small

SVB Financial Group, the former owner of the failed Silicon Valley Bank, received a U.S. judge’s permission on Friday to turn over its assets to creditors and end its bankruptcy.