Silicon Valley Bank up for sale to potential buyers.
TL;DR
The US government is likely to sell Silicon Valley Bank to another bank, ruling out private equity firms and venture capitalists. The Federal Deposit Insurance Corp. is in the process of selling the bank, and there is no chance that the bridge bank will be sold to a private equity firm. The goal is to sell the bank in one piece.
Topics:businessfinance#bank-sale#finance#private-equity#silicon-valley-bank#us-government#venture-capitalists
- Government Will Likely Only Sell Silicon Valley Bank to Another Bank, Sources Say The Information
- Silicon Valley Bank Creditors Form Group in Advance of Possible Bankruptcy - WSJ The Wall Street Journal
- Private equity firms Apollo and KKR among those reviewing Silicon Valley Bank loans CNBC
- Exclusive-U.S. regulator taps Piper Sandler in new bid to sell Silicon Valley Bank -sources Yahoo Finance
- Exclusive: U.S. regulator taps Piper Sandler in new bid to sell Silicon Valley Bank -sources Reuters
Want the full story? Read the original reporting
Read on The Information