With $209 billion in assets, the Santa Clara, California based lender was the 16th largest U.S. bank, making the list of potential buyers who could pull off a deal over a weekend relatively short, they said on condition of anonymity because the situation is in flux.of a fund that would allow regulators to backstop more deposits at banks that run into trouble, Bloomberg reported.
"Everyone is working with FDIC to stabilize the situation as quickly as possible," Newsom said on Saturday.Some analysts and prominent investors warned that without a resolution by Monday, other banks could come under pressure if people worried about their deposits. Silicon Valley Bank had an unusually high level of deposits that were not covered by the FDIC's guarantees, which are capped at $250,000.
Tooooo laaaaate
Who would want to buy a bankrupt bank😅... headline makes zero sense!
How about ...
the financial importance an relevancy of this only 12 Branch Bank,.. visualized :
China as buyer?
It is just about fraud nothing else
Ask elonmusk if he is interested
No bailouts. Too bad
I thought the FDIC had changed the name to 'Whorehouse Bank.' They screw you and keep your money.....
🤣🤣🤣🤣
elonmusk