SVB collapse: FDIC to liquidate Silicon Valley and Signature bank securities

By Misty Severi

Published April 6, 2023 1:23am ET

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SVB collapse: FDIC to liquidate Silicon Valley and Signature bank securities — The Federal Deposit Insurance Corporation announced on Wednesday that it was retaining a financial adviser to oversee the liquidation of approximately $114 billion in securities from the former Signature and Silicon Valley banks. The FDIC said on its website that it had retained BlackRock Financial Market Advisory to sell the securities portfolios. The face values […]

The Federal Deposit Insurance Corporation announced on Wednesday that it was retaining a financial adviser to oversee the liquidation of approximately $114 billion in securities from the former Signature and Silicon Valley banks.

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FDIC Finance mortgage securities Silicon Valley Bank