Silicon Valley Bank collapsed on March 10. Photo: Reuters / Dado Ruvic / Illustration
US regulators willing to share losses for sale of Silicon Valley Bank and Signature Bank – reports
- The Financial Times reported that FDIC regulators have asked banks interested in acquiring failed lenders SVB and Signature Bank to submit bids by March 17
- SVB Financial Group, the parent company of Silicon Valley Bank, on Friday filed for a court-supervised reorganisation under Chapter 11 bankruptcy protection
Silicon Valley Bank collapsed on March 10. Photo: Reuters / Dado Ruvic / Illustration