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Silicon Valley Bank unlikely to find a buyer - report
CNBC's David Faber says Silicon Valley Bank's deposits are moving out very quickly so it's hard for buyers to step in. He says attempts to sell it aren't looking good and that if a sale doesn't happen "you can imagine what will happen" and noted that regulators are ready to step in (presumably to wind it down).
A much better scenario would have been a large bank buying it and that would stem the outflow of deposits. The problem is that there's no time for a buyer to review the balance s... Read More
Posted: Mar 10 2023, 14:43
Author Name: forexlive
Views: 111541
