As the SVB auction continues, the sale of its UK arm bounces between potential suitors  

By Editor - Sun Mar 12, 2:22 pm

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In the US today, The Federal Deposit Insurance Corp. continued the auction process for the beleaguered Silicon Valley Bank, with final bids due by Sunday afternoon, according to Bloomberg . Any agreed sale may not be known until late Sunday, if at all. It’s still possible that no deal will be reached and the bank will become insolvent. SVB had more than $175 billion in deposits and $209 billion in total assets. The FDIC is reportedly attempting to make at least a portion of clients’ uninsured deposits available from Monday.

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As the SVB auction continues, the sale of its UK arm bounces between potential suitors

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