Regulators at the U.S. Federal Deposit Insurance Corp (FDIC) have asked banks interested in acquiring failed lenders Silicon Valley Bank and Signature Bank to submit bids by March 17, people familiar with the matter said on Wednesday.
Any buyer of Signature must agree to give up all the crypto business at the bank, the two sources added.
The sources requested anonymity because the matter is confidential. The FDIC declined to comment, both on its own behalf and for SVB. Signature and Piper Sandler did not immediately respond to requests for comment. U.S. President Joseph Biden has said that U.S. taxpayers will not bear the cost of salvaging SVB and Signature because any capital shortfalls would be covered by a government fund that can place a levy on other banks. Successful sales, however, would help minimize such shortfalls.
SVB became last week the biggest U.S. bank to fail since the 2008 financial crisis, spreading jitters across the banking sector and raising doubt about the future of startups that turned to the technology-focused lender for financial services. Among the banks that studied but decided against an offer during last weekend's auction for SVB were PNC Financial Services
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
KPMG stands by audits of Silicon Valley Bank and Signature Bank - FTKPMG's U.S. boss, Paul Knopp, said the accounting firm stood behind its audits of Silicon Valley Bank and Signature Bank , the Financial Times reported on Tuesday.
Les mer »
Why Did Silicon Valley Bank and Signature Bank Fail So Fast?A professor of economics explains why the country's banking crisis isn’t over yet.
Les mer »
Silicon Valley Bank, Signature Bank executives gave thousands to Democrats and RepublicansBefore going down in history as two of the largest bank failures in the U.S., executives for Silicon Valley Bank of California and Signature Bank of New York were political donors who steered their money toward people who influence financial services laws.
Les mer »
NYC has $60M in Signature Bank accounts, fueling calls for more scrutinyThe New York City government currently has $60 million deposited in accounts at Signature Bank with no plans to move it.
Les mer »
Taylor: What happened — and didn’t (hint: no B-word) — and what you should know about bank meltdownsThe FDIC guaranteeing deposits for Silicon Valley Bank and Signature Bank isn’t a bailout; it’s the U.S. honoring a guarantee. Bank shareholders are being wiped out.
Les mer »
SVB, Signature Bank failure explained - USA TODAYHow worried should Americans be about recent bank collapses? usatodaymoney reporter Medora Lee puts things in perspective with 5 Things podcast host atltwil:
Les mer »