If the Feds fail to find big banks to buy SVB and Signature, the likeliest buyers are the one group they don’t want to sell to
It used to be the go-to bank for Silicon Valley. Now its on the block. 它曾经是硅谷的首选银行。现在它已经上市了。 Más de Fortuna: más de fortuna: But rather than an overheated auction, regulators looking to sell off what remains of Silicon Valley Bridge Bank have thus far gotten a cool reception. Last weekend, the FDIC held an auction of SVB and was expected to announce a winning bidder on March 13. But a single buyer didnt materialize, with large banks like JPMorgan Chase and Bank of America apparently passing. 但是,监管机构希望出售硅谷桥银行的剩余部分,而不是过热的拍卖,迄今为止得到了冷遇。上周末,fdic 举行了 svb 的拍卖,预计将在 3 月 13 日宣布中标者。但没有出现单一买家,摩根大通和美国银行等大型银行显然已经通过。 Now bids for Silicon Valley Bridge Bank and Signature Bridge Bank are due Friday, a person familiar with the situation said. 一位知情人士说,现在对硅谷桥银行和签名桥银行的投标将于周五到期。 Should the FDIC fail (again) to find a white knight to buy the whole bank, it will be forced to sell it off piecemeal, and that‘s where private equity comes in, a group of investors the FDIC does not look upon favorably. Several alternative asset managers including Blackstone, Ares and Carlyle Group are interested in the $74 billion loan book and are evaluating whether or not to bid, several sources familiar with the sale process said. (Separately, Silicon Valley Bank’s parent firm, SVB Financial Group, filed for Chapter 11 protection in New