- SVB Financial Group Inc is exploring all available options, including a sale of the bank, after its bid to raise money through a stock sale failed.
- SVB is talking to other financial institutions and working with advisers to secure funding.
SVB scrambles for options after stock sale failed-sources
SVB Financial Group Inc is urgently exploring all available options, including a sale of the technology-focused bank, after its bid to raise money through a stock sale failed in the wake of some of its clients withdrawing deposits, according to people familiar with the matter.
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