SVB Financial Group stock SIVB, is retaining advisers for a potential sale of the company amid a liquidity crunch, CNBC-TV’s David Faber reported on Friday. The company is not being successful in efforts to raise more cash, he said. The stock has been halted since shortly after 8:30 a.m. Eastern Time.
SVB Unsuccessful in Raising Cash is trying to sell itself: CNBC
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Re: SVB Unsuccessful in Raising Cash is trying to sell itself: CNBC
#2The most likely outcome is a bigger bank will come in and buy it.