Monday, March 20, 2023

U.S. regulator breaks up Silicon Valley Bank, seeks separate sale of private unit

GLOBAL-BANKS/SVB-FDIC

The U.S. Federal Deposit Insurance Corporation (FDIC) on Monday decided to break up Silicon Valley Bank (SVB) and hold two separate auctions for its traditional deposits unit and its private bank after failing to find a buyer for the failed lender last week.



source https://www.cbc.ca/news/business/silicon-valley-bank-breakup-1.6784169?cmp=rss

No comments:

Post a Comment