SVB Securities management is in talks to buy back the investment bank from bankrupt SVB Financial Group (OTCPK:SIVB.Q), according to people familiar with the matter. SVB Securities Chief Executive Officer Jeff Leerink and his team are preparing to announce a deal for the firm in the coming days, pending approval from the US Bankruptcy Court for the Southern District of New York, said the people, who asked to not be identified because the matter isn't public. No final decision has been made and talks could still fall apart.
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Apr. 25 | SVB-owner First Citizens' profit beats estimates on interest income strength | RE |
Apr. 10 | Motion for Asset Sale Approved for SVB Financial Group | CI |
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