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Silicon Valley Bank fails to find buyer as run on bank outpaced sale process

Por: CNBC Tech March 10, 2023

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In this articlewatch nowVIDEO2:1802:18Silicon Valley Bank's attempts to raise capital have failed, sources tell CNBC, parent of Silicon Valley Bank, was unable to find a buyer before a bank run .Sources told CNBC's David Faber earlier that deposit outflows were outpacing the sale process, making it very difficult for a realistic assessment of the bank by potential buyers to take place.SVB was trying to find a buyer and hired advisors... + full article



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