SVB Financial shows $1.93 million operating loss for December

By Sarah Lizee

Olympia, Wash., Feb. 1 – SVB Financial Group posted a $1.93 million operating loss on $1.04 million total income for December, according to its monthly operating reported filed Wednesday with the U.S. Bankruptcy Court for the Southern District of New York.

The net loss for December was $22.84 million.

The cash balance at the end of the month was $254.06 million.

The financial services and bank holding company is based in Santa Clara, Calif. The company filed bankruptcy on March 17, 2023 under Chapter 11 case number 23-10367.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.