J.P. Morgan and PNC are among the potential suitors in talks about acquiring 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.

State of play: SVB Financial Group is the holding company that, in addition to its SVB Bank business, has three other segments — asset management, private wealth, and a securities business.

Worth noting: The three entities, known as SVB Private, SVB Capital, and SVB Securities, are considerably smaller than the SVB Bank entity now under FDIC control, the company's 2022 10K shows.

In a separate process, Bank of London has submitted an offer to buy Silicon Valley Bank UK, the company said on Sunday.