SA国际传媒

The slow dismantling of Silicon Valley Bank Financial continued Monday, as it it was seeking 鈥渟trategic alternatives鈥� for its capital and securities subsidiaries.

鈥� a venture capital and private credit fund platform 鈥� and 鈥� an investment bank 鈥� are separate divisions of the parent holding company and are not part of itself, which is currently under the jurisdiction of the and the .

It also was Monday that the bank鈥檚 U.K. unit 鈥� 鈥� was being bought by for a single British pound. SVB UK recorded a profit before tax of about $107 million last year.

The news comes less than a day after banking regulators announced a plan to ensure depositors at Silicon Valley Bank. SVB 鈥� the dominant financial institution for much of the venture-backed startup world 鈥� was shut down by banking regulators on Friday morning following a dramatic decline in the company鈥檚 stock price and reports of a run on its deposits.

Finding a buyer

Before the shutdown, the bank sought a sale, but that has proven to be a tough slog thus far for the financial giant.

On Monday, was in talks to acquire SVB Financial Group in a deal that would exclude commercial banking unit Silicon Valley Bank. , and also are in talks, per the report.

While some expected a big bank to step up as a buyer for SVB, its venture debt business may have been a hindrance, said a board member at an unaffiliated bank.

SVB took a chance lending to very young seed and Series A startups, something the does not approve of since those companies are not within a year of profitability.

Related reading:

• Silicon Valley Bank Stock Plunge Sends Jitters Through The Startup World
• Silicon Valley Bank Fails, Is Taken Over By Banking Regulators
• Silicon Valley Bank Collapse Leaves Tech Industry Scrambling For Answers
• Silicon Valley Bank Bet Big On Biotech. And Now It鈥檚 Gone.
• Regulators Announce Plan To Ensure SVB Depositors
• Guaranteeing SVB鈥檚 Deposits Was The Right Thing To Do
• Silicon Valley Bank’s Collapse Will Leave A Big Hole In the Startup World
• SVB Kept Up With Fast-Paced Health Startups. The New Normal May Be Slower
• SVB鈥檚 Demise Cools An Already Chilly Climate For Startup Funding
• SVB, Signature Shutdowns Not Chilling Crypto
• In Their Own Words: What Silicon Valley Bank Meant To The Valley聽

Illustration: Dom Guzman