Regulators Consider Loss Sharing to Facilitate Sale of SVB and Signature Bank
TL;DR Summary
US regulators are open to sharing losses to facilitate the sale of Silicon Valley Bank (SVB) and Signature Bank, which have been struggling to find buyers due to concerns over their exposure to the technology sector. The banks have been in talks with potential buyers, but the regulators have been hesitant to approve the deals due to the risks involved. However, they are now considering loss-sharing arrangements to help smooth the sale process.
- US regulators open to sharing losses to smooth sale of SVB and Signature Financial Times
- SVB Hunts for a Buyer After Tense, Dragged-Out FDIC Sale Failed Bloomberg
- U.S. regulators willing to share losses for sale of SVB, Signature Bank - FT Reuters
- SVB's Parent Company May File for Bankruptcy TheStreet
- Silicon Valley Bank Likely To Be Sold To Another Bank And Not VCs CoinGape
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