The first quarter of 2023 saw the highest number of corporate bankruptcy filings in the U.S. since 2010, S&P Global Market Intelligence reports. In this period, the number of bankruptcy filings rose from 54 in January to 58 in February and to 71 in March, bringing the total to 183. 

SVB Financial Group’s March 17 filing, caused by the collapse of its former subsidiary Silicon Valley Bank after a run on the bank by depositors, was the most noteworthy, shaking up financial markets around the globe. In a press release, the Group said it had $3.3 billion in debt. The bank, now named Silicon Valley Bridge Bank and controlled by the Federal Deposit Insurance Corporation, was not included in the filing, according to its former parent’s press release. 

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.