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U.S. and U.K. regulators consider ways to help SVB depositors, FDIC auctioning assets

Por: MarketWatch Business March 12, 2023

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The FDIC began an auction process late Saturday for Silicon Valley Bank, with final bids due by Sunday afternoon, Sunday. The FDIC is hoping for a quick deal but a winner may not be known until late Sunday, and it is possible no deal will be reached, sources told Bloomberg. Representatives for the FDIC didn’t immediately respond to requests for comment. Silicon Valley Bank, the 16th largest lender in the U.S., collapsed into FDIC receivership... + full article



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