FDIC Prepares To Break Up Silicon Valley Bank, Report Says
March 19, 2023 at 11:28 AM EDT
Update (1128ET): Bank news is moving quickly on Sunday morning. According to Bloomberg, the Federal Deposit Insurance Corp (FDIC) is preparing to break up Silicon Valley Bank. Sources who wished to remain anonymous stated that the FDIC plans to sell SVB in at least two parts. “Bids are due Friday for the so-called “bridge bank” […] Source
