First Citizens BancShares, Inc. has submitted an offer to buy all of failed Silicon Valley Bank, according to a person familiar with the matter.
, according to a person familiar with the matter.: A buyer for the entire company would help the FDIC in its effort to stabilize the business, and move SVB out of receivership.: First Citizens, a Raleigh, North Carolina-based lender, submitted an offer on Sunday to buy all of the SVB, the person said. What price First Citizens is willing to pay, or the structure of the offer, was not immediately clear. Bloomberg was first to report news of the First Citizens bid.
The FDIC added that expand the pool of bidders, it is breaking up the bidding process for the commercial bank and the private bank. The FDIC is seeking bids for Silicon Valley Private Bank by 8 p.m. on Wednesday. Bids for Silicon Valley Bridge Bank are due by 8 p.m. on Friday. The regulator added that the bridge bank continues to operate as a chartered bank under its receivership.: The source familiar with the matter said that First Citizens planned to submit an offer for just the commercial bank, and just the private bank, in addition to its whole company bid.: "It is First Citizens Bank’s policy not to comment on market rumors or speculation," a company spokesman said in a statement.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Who is Peter Thiel, PayPal cofounder who had $50M in SVB when it collapsedWho is Peter Thiel, the billionaire investor and PayPal cofounder who says he had $50 million in Silicon Valley Bank when it collapsed?
Weiterlesen »
Study finds 186 banks vulnerable to SVB-like collapseA Social Science Research Network study says that 186 American banks could be vulnerable to the same failure as Silicon Valley Bank (SVB) if half of their depositors withdraw money.
Weiterlesen »
SVB's UK arm issues 15M pounds in bonuses after symbolic bailout: ReportAccording to a March 18 Sky News report citing unnamed sources, Silicon Valley Bank UK (SVB UK) has issued millions of pounds in employee bonuses, just days after global banking giant HSBC acquired it for just 1 British pound.
Weiterlesen »
How to invest, what to know after SVB's failure: Top fund managerA leading fund manager warns that regional banks could cause 'financial Armageddon' — unless the government makes 2 crucial moves immediately
Weiterlesen »
SVB collapse is double-whammy for tech startups already navigating brutal marketStartup founders across the U.S. were already cutting costs and preserving cash before Silicon Valley Bank's failure this month complicated their situation.
Weiterlesen »