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Published 1 year ago

Regulators urged to find Silicon Valley Bank buyer as industry frets about fallout

Summary by New Hampshire Union Leader
Some financial industry executives and investors were growing increasingly concerned on Saturday that the collapse of Silicon Valley Bank could have a domino effect on other U.S. regional banks if regulators did not find a buyer

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Times of IndiaTimes of India

Regulators urged to find Silicon Valley Bank buyer as industry frets about fallout

The Federal Deposit Insurance Corporation (FDIC), which was appointed receiver, was trying to find another bank over the weekend that was willing to merge with Silicon Valley Bank, people familiar with the matter said on Friday. With $209 billion in assets, the Santa Clara, California based lender was the 16th largest U.S. bank, making the list of potential buyers who could pull off a deal over a weekend relatively short.

1 year ago·India
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The IndependentThe Independent

Biden unlikely to bail out Silicon Valley Bank, as right calls failed bank ‘woke’

Second-largest bank collapse in US history met with eyerolls in Washington

1 year ago·London, United Kingdom
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ReutersReuters

After SVB failure, US acts to shore up banking system confidence

U.S. authorities launched emergency measures on Sunday to shore up confidence in the banking system after the failure of Silicon Valley Bank threatened to trigger a broader financial crisis.

1 year ago·United Kingdom
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CBC NewsCBC News

Canada's top banking regulator takes temporary control of Silicon Valley Bank's Canadian branch

"By taking temporary control of the Canadian branch of Silicon Valley Bank, we are acting to protect the rights and interests of the branch's creditors," Superintendent of Financial Institutions Peter Routledge said in a statement on Sunday.

1 year ago·Canada
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USA TodayUSA Today

Regulators offer plan after Silicon Valley Bank collapse, Oscars recap: 5 Things podcast

The FDIC puts Silicon Valley Bank up for auction amid its collapse. Plus, Oscars 2023 was a night of 'firsts.' Here's who made history: 5 Things podcast

1 year ago·United States
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CNBCCNBC

Regulators may still try to find a buyer for Silicon Valley Bank, source says

There's still an opportunity to sell Silicon Valley Bank according to the official, saying that's not off the table.

1 year ago·United States
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