The Federal Deposit Insurance Corporation (FDIC) has retained advisers to sell the securities portfolios that the new owners of failed Silicon Valley Bank and Signature Bank rejected, according to people familiar with the matter.
, had assumed the assets, they would have had to realize losses given that interest rates are now much higher than the yield of these assets.
The sources spoke on condition of anonymity to discuss confidential information about the sale process. The FDIC declined to comment.
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