{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-067777","form_type":"8-K","ticker":null,"cik":"0000719739","company_name":"SVB FINANCIAL GROUP","filed_at":"2023-03-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.871665+00:00","generated_at":"2026-06-18T06:04:01.025990+00:00","sec_items":["1.03","8.01"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Silicon Valley Bank closed by California DFPI; FDIC appointed receiver","bullets":["Silicon Valley Bank closed by California DFPI on March 10, 2023; FDIC appointed receiver.","SVB Financial Group is no longer the parent company of the Bank.","Company has terminated its previously announced equity offerings."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-067777","json":"https://secwatch.observer/filing/0001193125-23-067777.json","markdown":"https://secwatch.observer/filing/0001193125-23-067777.md","text":"https://secwatch.observer/filing/0001193125-23-067777.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/719739/000119312523067777/0001193125-23-067777-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/719739/000119312523067777/d450664d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T06:04:01.025990+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bedd5aef543e8f4304fac56d66eda45340524a1f","claim":"SVB FINANCIAL GROUP entered receivership (petition 2023-03-10).","evidence_excerpt":"On March 10, 2023, SVB Financial Group’s (the “Company”) wholly owned subsidiary, Silicon Valley Bank (the “Bank”) was closed by the California Department of Financial Protection and Innovation, and the Federal Deposit Insurance Corporation was appointed as receiver.","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/719739/000119312523067777/0001193125-23-067777-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"receivership"},{"label":"Petition","value":"2023-03-10"}],"fact_type":"distress_event"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}