Two regional banks are reportedly competing to purchase failed lender Silicon Valley Bank. First Citizens BancShares and Valley National Bancorp have filed bids with the Federal Deposit Insurance Corp. (FDIC), Bloomberg News reported Saturday (March 25), citing people with knowledge of the matter. Sources said...
The Federal Deposit Insurance Corp. (FDIC) is seeing “substantial interest” in Silicon Valley Bank. The regulator said Monday (March 20) that it has extended the bidding process, that it will allow the submission of separate bids for two entities and that it is seeking bids for...
Silicon Valley Bank may be coming up for sale again. After failing to find a buyer for the failed bank in a Sunday (March 12) auction, the Federal Deposit Insurance Corporation (FDIC) plans to try again, The Wall Street Journal (WSJ) reported Monday (March 13),...
U.S. regulators were reportedly auctioning off Silicon Valley Bank, whose failure last week continues to rock the financial world. The auction was underway Sunday (March 12) afternoon, according to multiple media accounts, with the goal of raising enough money to repay the bank’s depositors. The...
March 26, 2023
Two regional banks are reportedly competing to purchase failed lender Silicon Valley Bank. First Citizens BancShares and Valley National Bancorp have filed bids with the Federal Deposit Insurance Corp. (FDIC), Bloomberg News reported Saturday (March 25), citing people with knowledge of the matter. Sources said the FDIC — which took control of Silicon Valley Bank […]
March 20, 2023
The Federal Deposit Insurance Corp. (FDIC) is seeing “substantial interest” in Silicon Valley Bank. The regulator said Monday (March 20) that it has extended the bidding process, that it will allow...
March 13, 2023
Silicon Valley Bank may be coming up for sale again. After failing to find a buyer for the failed bank in a Sunday (March 12) auction, the Federal Deposit Insurance...
March 12, 2023
U.S. regulators were reportedly auctioning off Silicon Valley Bank, whose failure last week continues to rock the financial world. The auction was underway Sunday (March 12) afternoon, according to multiple...
