Economy

SVB collapse: FDIC extends deadline for bidding on failed bank

By Zach Halaschak
Published March 20, 2023 2:51pm ET
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SVB collapse: FDIC extends deadline for bidding on failed bank
On March 13, 2023, bank customers in Wellesley, Massachusetts, line up outside Silicon Valley Bank following its collapse. | (Photo by David L. Ryan/The Boston Globe via Getty Images)


The Federal Deposit Insurance Corporation announced Monday that the sale of Silicon Valley Bank would be broken into two parts and extended the deadline for bidding.

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Banks FDIC Finance Silicon Valley Bank