Investing
Customers Bancorp weighs making an offer for Silicon Valley Bank – Bloomberg News
© Reuters. FILE PHOTO: The Silicon Valley Bank branch office is pictured in downtown San Francisco, California, U.S., March 13, 2023. REUTERS/Kori Suzuki/File Photo
(Reuters) -Customers Bancorp Inc is exploring a deal for all or part of the failed Silicon Valley Bank, Bloomberg News reported on Thursday, citing people familiar with the matter.
The Pennsylvania-based lender has been seeking potential co-investors for a deal for Silicon Valley Bank, according to the report.
The Federal Deposit Insurance Corp (FDIC), which controls the Silicon Valley Bank’s assets, declined to confirm or comment on the identities of potential bidders when contacted by Reuters. Customers Bank did not immediately respond to request for a comment.
U.S. regional bank Citizens Financial (NYSE:) Group Inc is working on a bid to acquire the private banking business of failed Silicon Valley Bank, two sources told Reuters earlier in the day.
The FDIC tried to sell SVB’s private banking business alongside Silicon Valley Bank over the last two weekends, however, it failed to clinch a deal to sell them both together.
It has since asked for separate offers for SVB Private and Silicon Valley Bank by March 24.
Read the full article here
A Macy’s Employee Made Accounting Errors Worth $132 Million
Elon Musk Taught Himself to Code. Now It’s Your Turn.
5 Ways to Hire and Retain Top Talent in 2025
3 Simple Tips for Increasing Your Annual Recurring Revenue
Palantir assigned Street-high targets by Wedbush and BofA By Investing.com
How to Create a Unique Value Proposition (With Tips & Examples)
Are You Missing These Hidden Warning Signs When Hiring?
7 Common Things You Should Never Buy New
The DOJ Reportedly Wants Google to Sell Its Chrome Browser
This All-Access Pass to Learning Is Now $20 for Black Friday
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Side Hustles7 days agoHow to Create a Unique Value Proposition (With Tips & Examples)
-
Investing6 days agoAre You Missing These Hidden Warning Signs When Hiring?
-
Make Money6 days ago7 Common Things You Should Never Buy New
-
Side Hustles7 days agoThe DOJ Reportedly Wants Google to Sell Its Chrome Browser
-
Investing3 days agoThis All-Access Pass to Learning Is Now $20 for Black Friday
-
Passive Income3 days agoHow to Create a Routine That Balances Rest and Business Success
-
Side Hustles4 days agoApple Prepares a New AI-Powered Siri to Compete With ChatGPT
-
Investing6 days agoGoogle faces call from DuckDuckGo for new EU probes into tech rule compliance By Reuters