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FDIC to try to auction off Silicon Valley Bank again: report

Summary by Ground News
The Federal Deposit Insurance Corporation (FDIC) told Senate Republicans that they now have additional flexibility to sell the bank. The regulators first attempted an auction of the fallen bank on Mar. 11 only a day after its closure. Bids were only open for a few hours. However, the weekend auction reportedly saw no bids from major U.S. banks.

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MarketWatch broke the news in United States on Monday, March 13, 2023.
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