Silicon Valley Bank faces potential bankruptcy and asset buyouts.

1 min read
Source: Axios
Silicon Valley Bank faces potential bankruptcy and asset buyouts.
Photo: Axios
TL;DR Summary

Apollo Global Management is reportedly working with Emerson Collective and Credit Suisse to buy Silicon Valley Bank's loan portfolio, which was previously rejected by the FDIC. Apollo has also reached out to venture capital firms to offer liquidity options and potentially co-invest in the deal. The FDIC's preference is to find a single buyer for all SVB-related assets, but this may be difficult without liability protections. The potential deal is still fluid and could proceed without VC firm involvement.

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