JPMorgan, PNC among suitors for SVB Financial in deal excluding SVB Bank

JPMorgan, PNC among suitors for SVB Financial in deal excluding SVB Bank

JPMorgan Chase is implementing artificial intelligence throughout the company, from fraud detection to customizing its online portal for analyst reports. © Reuters

JPMorgan Chase & Co and PNC Financial Service Group Inc are among those in talks about acquiring SVB Financial Group in a deal that would exclude its commercial banking unit Silicon Valley Bank that is currently under U.S. control, Axios reported on Monday citing sources.