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SVB Financial Group, the parent company of Silicon Valley Bank, has filed for Chapter 11 bankruptcy one week after its subsidiary failed andwas seized by U.S. regulators.The filing comes after SVB Financial was targeted by shareholders with aclass action lawsuitMonday, alleging the company did not disclose how future interest rate hikes could potentially impact the business.The company said in astatementthat SVB Securi stanley cups ties and SVB Capital are not incl stanley termos uded in the bankruptcy filing and will continue to operate while the company explores strategic alternatives. SEE MORE: What led to the collapse stanley cups of Silicon Valley Bank and others The Chapter 11 process will allow SVB Financial Group to preserve value as it evaluates strategic alternatives for its prized businesses and assets, especially SVB Capital and SVB Securities, said William Kosturos, Chief Restructuring Officer for SVB Financial Group. SVB Capital and SVB Securities continue to operate and serve clients, led by their longstanding and independent leadership teams. SVB Financial has an estimated $2.2 billion of liquidity, approximately $3.3 billion in debt, and $3.7 billion in outstanding preferred equity, according to the sta Fugv Motorcyclist killed in 3-vehicle crash on southbound I-35
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