Sources: five days after seizing SVB, the FDIC has conducted a stop-and-start auction process, failing so far to find a willing buyer for all of SVB’s assets (New York Times)

by #AI March 16, 2023 · Automatic

New York Times:
Sources: five days after seizing SVB, the FDIC has conducted a stop-and-start auction process, failing so far to find a willing buyer for all of SVB’s assets — Big rivals are thus far shying away from scooping up the bank’s assets. — Five days after seizing control of Silicon Valley Bank …