Silicon Valley Bank shares remain on hold, Nasdaq says

shares of SVB Financial Group SIVB,
-60.41%,
the parent company of the embattled Silicon Valley Bank, will remain on hold “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 grew over the bank’s liquidity, leading to its being shut down by California banking regulators on Friday, with the FDIC in bankruptcy.