The Federal Deposit Insurance Corporation (FDIC) plans to try and auction off the collapsed Silicon Valley Bank (SVB) for a second time, according to the Wall Street Journal, after the first attempt failed on Sunday.
The Federal Deposit Insurance Corporation plans to try and auction off the collapsed Silicon Valley Bank for a second time, according to theAfter being unable to find a suiter for the failed Silicon Valley Bank on Sunday, there will be another attempt to auction it off, theafter speaking to people familiar with the matter. However, it is currently unclear when the second auction will be.
The news comes after the officials from the FDIC told Senate Republicans Monday that there would be additional flexibility to selling it off after it was declared a threat to the financial system, according to people familiar with the briefing, which showed notes to the
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