FDIC seeks deal for troubled Silicon Valley Bank by Monday.
TL;DR Summary
The FDIC is expected to announce its decision on the sale of Silicon Valley Bank over the weekend, following the regulator's takeover of the bank earlier this month due to a run on deposits.
- SVB Sale Is Close. FDIC Seeking a Deal by Monday. Barron's
- SVB's Big Bet on Troubled Private Bank Ends on the Auction Block Bloomberg
- SVB Financial’s First Bankruptcy Hearing ‘Wasn’t Really So Routine,’ Says Legal Expert CoinDesk
- Judge Approves Owner of Silicon Valley Bank to Spend $100M The Real Deal
- FDIC Delays Bid Deadline for Silicon Valley Private Bank Bloomberg
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