Bank run fear: Silicon Valley Bank is reportedly exploring a sale as Wall Street calls for a bailout

Bank run fear: Silicon Valley Bank is reportedly exploring a sale as Wall Street calls for a bailout

a year ago
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https://www.mercurynews.com/2023/03/10/bank-run-fear-svb-is-reportedly-exploring-a-sale-as-wall-street-calls-for-a-bailout/

SVB Financial Group is reportedly exploring a sale after selling billions of dollars of assets to make its customers whole and sparking a panic on Wall Street this week.

Reuters and CNBC, citing people familiar with the matter, reported that the financially strapped bank was considering a potential sale to a larger institution. SVB didn’t immediately respond to CNN’s request for comment.