21 Mar 2023
And the Banking Hits Just Keep on Coming . . .
It has been an eventful few weeks (to say the least). On March 8, 2022, Silvergate Capital Corporation (parent company of Silvergate Bank) decided to voluntarily liquidate. Subsequently, Silicon Valley Bank (SVB) (3/10/23) and Signature Bank (3/12/23) were placed into FDIC receiverships. On March 17, 2023, SVB Financial Group (the former parent of SVB) filed a mega Chapter 11 in the Southern District of New York. Check out our tracker to stay up to date on mega Chapter 11 filings (and the below related content discussing issues pertinent to the bank failures).
Related Content
- Silicon Valley Bank Collapse: Client Alert Digest
Read this client alert on the initial government response to the SVB collapse.
- Navigating a Failed Bank Receivership
Read this practice note for information on the FDIC serving as a receiver for a failed bank.
- Federal Deposit Insurance Corporation's Role after Failure of an Insured Depository Institution
See this practice note for a discussion of the FDIC’s role in the event there is a failure of an insured depository institution.
- Addressing Risk during a Financial Crisis Checklist
Use this checklist when representing businesses during an external business or financial crisis.
- Receiverships
Review this practice note for a discussion of the various aspects of the law of receiverships.
- Out-of-Court Restructuring and Liquidation Alternatives Resource Kit
Use this resource kit for Practical Guidance material on several alternatives to filing for bankruptcy protection.
Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.
- The Year in Bankruptcy: 2022
- Subchapter V Decision Tracker
- The Practical Guidance Journal Climate Change Special Edition features guidance on insuring for climate change, renewable energy initiatives, and a guide for public and private projects related to sea level rise.
- Legal Developments provide the latest updates and analyses of emerging topics impacting your practice area. Visit the Legal Developments page to see the latest topics, which also include breaking legal news and related Practical Guidance content.
- Listen Up! The Practical Guidance and Law360 Podcasts Resource Kit features interviews with industry-leading attorneys on cutting edge issues in the law: NFTs, Cannabis, COVID-19, and more.
- Check out the new Practical Guidance Author Center! Learn about the 1750+ leading attorney authors contributing to our 22 practice areas and find out how you can Become a Practical Guidance Author.
Experience results today with practical guidance, legal research, and data-driven insights—all in one place.
Experience Lexis+