Bids are due Friday for the so-called « bridge bank » that the FDIC set up to take receivership of SVB’s assets and liabilities
US regulators are moving toward a breakup solution for Silicon Valley Bank (SVB) after failing to line up a suitable buyer for the entire company, according to sources. The Federal Deposit Insurance (FDIC) is now seeking to sell the failed bank in at least two parts, said the sources.
