: FDIC to try to auction off Silicon Valley Bank again: report


Regulators are planning another auction for Silicon Valley Bank after they failed to find a buyer over the weekend, the Wall Street Journal reported Monday, citing unnamed sources. The Federal Deposit Insurance Corp. seized the bank Friday after a run on deposits. The Journal reports that at least one bank made an offer for Silicon Valley Bank, but that the FDIC rejected that offer. It is unclear when the second auction would be.

This article was originally published by Marketwatch.com. Read the original article here.

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