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FDIC Planning to Try Auctioning Off Silicon Valley Bank Again: WSJ

FDIC Planning to Try Auctioning Off Silicon Valley Bank Again: WSJ
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Grant Butler, an attorney at the K&L Gates law firm, told CoinDesk that the SVB receivership is structured differently from the Signature Bank receivership. SVB has been structured to try and liquidate its assets, while Signature was set up with the apparent expectation of a buyer, which allowed for operations to remain uninterrupted.

Source: CoinDesk

The post FDIC Planning to Try Auctioning Off Silicon Valley Bank Again: WSJ appeared first on Crypto Breaking News.

Read more: https://www.cryptobreaking.com/fdic-planning-to-try-auctioning-off-silicon-valley-bank-again-wsj/

Text source: Crypto Breaking News

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