Why is finding a buyer for Silicon Valley Bank challenging?
Silicon Valley Bank Hunts for a Buyer
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Business, Social Studies
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University
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Hard
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The FDIC took over a bank on Friday, but unlike usual, the auction process faced delays due to infighting among regulators. New bids are expected by Friday, with updates likely next week. Most deposits exceed the FDIC's $250,000 cap, complicating the search for a buyer. Several banks are interested in the bank's assets, including its loan book and wine business.
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What assets are banks interested in regarding Silicon Valley Bank?
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