While the blizzard of headlines in recent days has focused on what happens to Silicon Valley Bank’s banking customers following the company’s rapid descent, there’s another major question lingering: What happens to SVB’s other businesses?
Silicon Valley Bank, part of SVB Financial Group, was a traditional commercial bank offering loans and credit lines to startups. But SVB also had other businesses including a fund-of-funds platform and an investment banking arm (you can read more about the venture capital business here). These two businesses are separate divisions of SVB Financial group and not necessarily impacted by the bank run on Silicon Valley Bank. Now they’re seeking a buyer.
