Silicon Valley Bank looking for a buyer after dragged-out FDIC sale failed

It's left a mess that government officials, banking agencies and potential bidders are still trying to work out as they also navigate a deal for Signature Bank and try to bolster First Republic Bank

SVB, Silicon valley bank

Photo: Bloomberg

The effort to wind down Silicon Valley Bank was marred by an unmotivated seller, infighting between regulators and, ultimately, a failed auction.

Also Read

SVB Crisis: What led to the collapse of start-ups' favourite bank?

SVB crisis: How the ripples of the bank's plunge reached foreign shores

Asia witnesses limited contagion risk from Silicon Valley Bank's woes

SVB crisis sends jitters through startup world: Here's what we know

SaaS firm Freshworks says exposure to Silicon Valley Bank minimal

Google makes breakthrough in quantum computing, much bigger than AI

Credit Suisse got a $54 bn lifeline, now it needs to win back clients

Meta starts next round of layoffs with 1,500 jobs in recruiting, HR: Report

Boeing, Airbus boost search for India talent as demand for aircraft rises

UBS Group, Credit Suisse oppose idea of forced merger, says report

First Published: Mar 17 2023 | 8:57 AM IST

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to