JPMorgan and PNC are among the potential suitors in talks to acquire SVB Financial Group in a deal that would exclude the commercial bank currently under U.S. government control, according to sources familiar with the matter.
Why it matters: A buyer for the other SVB divisions could stabilize those businesses, which are being impacted by the collapse of the commercial bank, known as SVB Bank.
Of note: SVB Financial Group announced on Monday that it is launching a strategic alternatives process for the holding company and other assets.
