Exclusive: U.S. regulator eyes Friday bids for SVB, Signature Bank -sources
Written by Black Hot Fire Network on March 16, 2023
March 15 (Reuters) - 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.
The new auctions show how the FDIC is making a concerted effort to return the lenders to the private sector . . .
