Economy

SVB collapse: FDIC holding auction for bank, final bids due Sunday

By Asher Notheis
Published March 12, 2023 8:01pm ET
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SVB collapse: FDIC holding auction for bank, final bids due Sunday
The Federal Deposit Insurance Corporation started an auction on late Saturday for Silicon Valley Bank, with all bids due by Sunday afternoon, according to people familiar with the situation. The FDIC is aiming to complete the deal soon, though the winner may not be known until late Sunday, according to an unidentified person. Additionally, no […]

The Federal Deposit Insurance Corporation started an auction on late Saturday for Silicon Valley Bank, with all bids due by Sunday afternoon, according to people familiar with the situation.

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Finance Money Silicon Valley Silicon Valley Bank