SVB Financial Faces Ticking Clock to Save Billions in Tax Assets

SVB Financial Group is under the gun to make critical decisions that would allow it to preserve billions of dollars in tax assets and boost its odds of successfully reorganizing.

The former Silicon Valley Bank parent company, which recently secured approval to sell its securities unit for $100 million, has said it has until the end of the year to form a bankruptcy exit plan that would preserve what could be $11 billion in valuable net operating losses (NOLs).

If the parent company doesn’t have a Chapter 11 plan in place by Dec. 31, “tax attributes and rights potentially worth ...