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Shares of SVB Financial Group
SIVB,
the parent of embattled Silicon Valley Bank, will remain halted “until SVB Financial Group has fully satisfied Nasdaq’s request for additional information,” Nasdaq said late Friday. The stock was halted around 8:30 a.m. Eastern as concerns mounted about the bank’s liquidity, leading it to being closed Friday by California banking regulators with the FDIC in receivership.
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