According to Reuters, the Federal Deposit Insurance Corporation (FDIC) has asked institutions interested in acquiring Silicon Valley Bank (SVB) and Signature Bank to submit bids by March 17.
According to two sources, the FDIC is seeking to sell SVB and Signature in its entirety.
The publication’s sources also said that any buyer of Signature would have to agree to give up the entire crypto business at the bank.
Holpop News
Holpop News
Reuters: any Signature Bank buyer should give up all crypto business at the bank
posted on March 16, 2023 by holpop in Blockchain
