Published 1 year ago

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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The Business Journals

FDIC plans second auction for Silicon Valley Bank, U.S. senators told

The first attempt reportedly generated one bid, which the FDIC rejected.

1 year ago·United States

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MarketWatch

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

Regulators are planning another auction for Silicon Valley Bank after they failed to find a buyer over the weekend, the Wall Street Journal reported Monday,...

1 year ago·United States

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Cointelegraph

FDIC to attempt another auction of Silicon Valley Bank: Report

The Federal Deposit Insurance Corporation is reportedly mulling a second auction for shuttered Silicon Valley Bank, after the first round of bidding over the weekend failed to net results.

1 year ago

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Coin Desk

FDIC Planning to Try Auctioning Silicon Valley Bank Again: WSJ

The designation of SVB’s failure as a potential systemic threat gives the FDIC more options to sell the bank.

1 year ago·Manila, Philippines

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The NFT Unicorn

FDIC to attempt another auction of Silicon Valley Bank: Report

Silicon Valley Bank (SVB) could be returning to the auction block with United States regulators taking a second attempt at finding a buyer for the now-collapsed bank. According to a Mar. 13 report from the Wall Street Journal, the Federal Deposit Insurance Corporation (FDIC) told Senate Republicans that they now have additional flexibility to sell […]

1 year ago

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