Another contender has appeared on the assets of the bankrupt Silicon Valley Bank in the United States
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The assets of California’s Silicon Valley Bank (SVB), which went bankrupt two weeks ago, would like to be acquired by the regional banking holding Valley National Bancorp. This is reported with reference to informed sources. agency Bloomberg. Previously, about the readiness to buy back the assets of SVB already declared North Carolina bank holding company First Citizens BancShares.
Valley National Bancorp has already filed with the US Federal Deposit Insurance Corporation (FDIC), according to Bloomberg. The FDIC, which now controls the assets of the bankrupt SVB, should announce in the coming days which of the applicants will have the right to buy them. Valley National Bancorp is registered in the state of New Jersey and, with assets of about $43 billion, is one of the largest commercial banks in this state.
SVB, which was the 16th largest bank in the US serving technology companies, filed for bankruptcy on March 10. It was the largest since the 2008 crisis. Followed by SVB went bankrupt New York-based Signature Bank, which became the third-largest bank failure in US history. And a week after these crashes, other American banks occupied the US Federal Reserve has a record $165 billion amid concerns about the situation in the banking market.
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