All Access

Fintech Deals

Standard

Fintech Deals Alerts

Alert

Fintech Deals Thought Bubble

Thought Bubble

mustard

BFD Expert Voices - Private Credit

BFD Expert Voices

topics

politics-policy

epstein-files

donald-trump

2026-midterm-elections

immigration

behind-the-curtain

race-and-equity

technology

privacy-tech-regulation

automation-and-ai

tiktok-news

big-tech

social-media

cybersecurity

economy

social-security

inflation

tariffs

federal-reserve

jobs

transportation

business

stock-market-news

retail-news

crypto

media

elon-musk

dealmaking

health

rfk-jr

drug-prices

axios-explains-abortion

public-health

world

israel

axios-explains-ukraine

iran

russia

china

energy-climate

nuclear-energy

climate-energy-policy

climate-change

extreme-weather

alternative-energy

electric-vehicles

science

emerging-tech

biomedicine

newsletters

charlotte

detroit

columbus

austin

kansas-city

dallas

atlanta

washington-dc

nw-arkansas

boulder

chicago

indianapolis

nashville

richmond

houston

san-francisco

seattle

colorado-springs

boston

des-moines

salt-lake-city

philadelphia

denver

phoenix

new-orleans

miami

twin-cities

huntsville

raleigh

san-antonio

portland

san-diego

tampa-bay

cleveland

pittsburgh

axios-local

axios-pro

axios-live

the-axios-show

Management at SVB Securities is looking to buy the investment bank back from bankrupt SVB Financial Group, Bloomberg reports.

Driving the news: SVB Securities CEO Jeff Leerink and his team could announce a deal for the company in the coming days.

At a bankruptcy hearing this week, a lawyer for SVB Financial said only one qualifying bid had emerged for SVB Securities.

Yes, but: Any deal would need approval from the U.S. Bankruptcy Court for the Southern District of New York.

Catch up quick: Silicon Valley Bank parent SVB Financial Group filed for bankruptcy in March following its collapse and subsequent FDIC takeover.

But certain portions of SVB’s business, including SVB Capital and SVB Securities, were not included in the bankruptcy proceedings.

They were also not included in First Citizens BancShares’ acquisition of SVB’s commercial banking business a few weeks later.

Of note: SVB Securities advised on about $9 billion in mergers and acquisitions last year, according to data compiled by Bloomberg.

SVB Securities management in talks to buy back investment bank

The investment bank advised on about $9 billion in mergers and acquisitions last year

Illustration of the Silicon Valley Bank logo with a price tag.

Fintech

Management at SVB Securities is looking to buy the investment bank back from bankrupt SVB Financial Group, Bloomberg <a class="gtmContentClick" data-vars-link-text="reports" data-vars-click-url="https://www.bloomberg.com/news/articles/2023-06-01/svb-securities-said-to-be-in-talks-for-management-buyout-of-firm?srnd=deals#xj4y7vzkg" data-vars-content-id="25ee7ed1-4fb9-4528-b3f2-4d0b0c25d2d8" data-vars-headline="SVB Securities management in talks to buy back investment bank" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.bloomberg.com/news/articles/2023-06-01/svb-securities-said-to-be-in-talks-for-management-buyout-of-firm?srnd=deals#xj4y7vzkg" target="_blank">reports</a>.Driving the news: SVB Securities CEO Jeff Leerink and his team could announce a deal for the company in the coming days.

SVB Securities management in talks to buy back investment bank

What to read next