SVB Financial mulls strategic options, hires restructuring veteran

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By Mehnaz Yasmin (Reuters) -Defunct startup-focused lender SVB Financial Group said on Monday that it was planning to explore strategic alternatives for its businesses including the holding company, SVB Capital and SVB Securities. SVB Financial also named William Kosturos as its chief restructuring officer. Kosturos was previously the restructuring chief for Washington Mutual, which collapsed during the global financial crisis in 2008 in what was the biggest bank failure in U.S. history. SVB’s plan comes after Californian regulators shuttered its banking unit on Friday following a failed share…

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