{"id":1875131,"date":"2023-03-12T16:13:47","date_gmt":"2023-03-12T20:13:47","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/silicon-valley-bank-collapse-fdic-holding-auction-for-bank-final-bids-due-sunday\/"},"modified":"2023-03-12T16:15:18","modified_gmt":"2023-03-12T20:15:18","slug":"silicon-valley-bank-collapse-fdic-holding-auction-for-bank-final-bids-due-sunday","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/silicon-valley-bank-collapse-fdic-holding-auction-for-bank-final-bids-due-sunday\/","title":{"rendered":"Silicon Valley Bank collapse: FDIC holding auction for bank, final bids due Sunday"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsilicon-valley-bank-collapse-fdic-holding-auction-for-bank-final-bids-due-sunday%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1875131&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"RichTextArticleBody-body\">\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">\n<div id=\"Brid_78646622\" class=\"brid\" style=\"width:16; height:9;\" itemprop=\"video\" itemscope itemtype=\"http:\/\/schema.org\/VideoObject\">                <meta itemprop=\"name\" content=\"Boebert announces she will be a grandmother at 36, touts choosing \u2018life' over \u2018fear'\">               <meta itemprop=\"description\" content=\"Rep. Lauren Boebert (R-CO) announced that her 17-year-old son Tyler and his girlfriend are expecting a child. Boebert also shared how her son reminded her that she became a teenage mother and made her mother a grandmother at the age of 36.\">               <meta itemprop=\"duration\" content=\"PT1M17S\">               <meta itemprop=\"uploadDate\" content=\"2023-03-10 20:17:58\">               <meta itemprop=\"thumbnailURL\" content=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2023\/03\/localimages\/1260482_th_1678479715.jpg\">               <meta itemprop=\"contentUrl\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/sd\/1260482.mp4\">              <\/div>\n<p>               <script type=\"text\/javascript\"> var _bp=_bp||[]; _bp.push({ \"div\": \"Brid_78646622\", \"obj\": {\"id\":\"27789\",\"width\":\"16\",\"height\":\"9\",\"video\":\"1260482\"} }); <\/script>               <script type=\"text\/javascript\" async src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script>              <\/div>\n<\/p><\/div>\n<p><span class=\"ArticlePage-articleBody-firstLetter\">T<\/span>He <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/fdic\" target=\"_blank\" rel=\"noopener\">Federal Deposit Insurance Corporation<\/a> According to sources familiar with the situation, a auction was started for Silicon Valley Bank on Saturday night. All bids are due by Sunday afternoon. <\/p>\n<p>According to unidentified sources, the FDIC hopes to close the deal quickly, but the winner might not be known until Sunday night. This deal is still in its final stages. <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/auctions\" target=\"_blank\" rel=\"noopener\">Auction<\/a> It is possible that there will not be any deal. <a class=\"Link\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-03-12\/fdic-auction-for-svb-said-to-be-underway-final-bids-due-sunday\" target=\"_blank\" rel=\"noopener\">According to<\/a> People sourced from <i>Bloomberg<\/i>. <\/p>\n<p><b><a class=\"Link\" href=\"http:\/\/www.washingtonexaminer.com\/washingtonexaminer.com\/policy\/economy\/svb-ceo-stock-sales-employee-bonuses\" target=\"_blank\" rel=\"noopener\">SILICON-VALLEY BANCK COLLAPSE. CEO CASHED IN MILLIONS, EMPLOYEES WON BONUSES<\/a><\/b> <\/p>\n<p>This auction is only two days after SVB crashed on Friday. Federal regulators took over the bank. After SVB disclosed that it had sold off a large number of securities at a loss, the bank moved to raise capital Wednesday. This panicked venture capital firms and caused a run on SVB. <\/p>\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">\n<figure class=\"Figure mb-1 mb-sm-3 mb-md-1 article-lead-photo data_invisible\" data-align=\"center\" data-image-size=\"fixed\" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\">\n<div class=\"Figure-container\"> <picture><source media=\"(max-width: 768px)\" type=\"image\/webp\" width=\"767\" height=\"511\" data-image-size=\"1060x600_md\"><\/source><source media=\"(max-width: 768px)\" width=\"767\" height=\"511\" data-image-size=\"1060x600_md\"><\/source><source media=\"(max-width: 1440px)\" type=\"image\/webp\" width=\"645\" height=\"430\" data-image-size=\"1060x600_xl\"><\/source><source media=\"(max-width: 1440px)\" width=\"645\" height=\"430\" data-image-size=\"1060x600_xl\"><\/source><source type=\"image\/webp\" width=\"1060\" height=\"707\" data-image-size=\"1060x600\"><\/source><source width=\"1060\" height=\"707\" data-image-size=\"1060x600\"><\/source>                                 <\/picture><figcaption class=\"Figure-caption\" itemprop=\"caption\"> On Saturday, March 11, 2023, a FDIC sign was placed on a window of a Silicon Valley Bank branch located in Wellesley (Mass.). Companies from wineries in California to start-ups across the Atlantic Ocean are struggling to figure how to manage their finances following Friday&#8217;s sudden shutting down of Silicon Valley Bank. FDIC insurance is available to U.S. customers who have less than $250,000 bank deposits. (AP Photo\/Peter Morgan)                <\/figcaption><div class=\"Figure-credit\" itemprop=\"author\"> Peter Morgan\/AP                <\/div>\n<\/p><\/div>\n<\/figure><\/div>\n<\/p><\/div>\n<p>According to sources familiar with the situation, the FDIC is currently working to sell assets to make some uninsured client deposits available to clients as soon as possible after the collapse. This will be the time that SVB branches reopen. <\/p>\n<p>Janet Yellen is Treasury Secretary <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/yellen-not-bail-out-silicon-valley-bank\" target=\"_blank\" rel=\"noopener\">Federal bailouts are not likely to be ruled out<\/a> SVB officials insist that they have been helping depositors since Sunday. Some people have compared SVB to the situation at the U.S. <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/2008-financial-crisis\" target=\"_blank\" rel=\"noopener\">2008 financial crisis<\/a>Yellen insists that the two situations are distinct. <\/p>\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">\n<figure class=\"Figure mb-1 mb-sm-3 mb-md-1 article-lead-photo data_invisible\" data-align=\"center\" data-image-size=\"fixed\" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\">\n<div class=\"Figure-container\"> <picture><source media=\"(max-width: 768px)\" type=\"image\/webp\" width=\"767\" height=\"575\" data-image-size=\"1060x600_md\"><\/source><source media=\"(max-width: 768px)\" width=\"767\" height=\"575\" data-image-size=\"1060x600_md\"><\/source><source media=\"(max-width: 1440px)\" type=\"image\/webp\" width=\"645\" height=\"484\" data-image-size=\"1060x600_xl\"><\/source><source media=\"(max-width: 1440px)\" width=\"645\" height=\"484\" data-image-size=\"1060x600_xl\"><\/source><source type=\"image\/webp\" width=\"1060\" height=\"795\" data-image-size=\"1060x600\"><\/source><source width=\"1060\" height=\"795\" data-image-size=\"1060x600\"><\/source>                                 <\/picture><figcaption class=\"Figure-caption\" itemprop=\"caption\"> An advertisement for Silicon Valley Bank is seen outside Wellesley branch on Saturday, March 11th, 2023. One of Silicon Valley&#8217;s most prominent banks has been seized by regulators. This is the biggest failure of a U.S. bank since the heights of the financial crisis nearly 15 years ago. (AP Ph<\/figcaption><\/div>\n<\/figure>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p>\n<hr>\n<p>&#8220;Read More from&#8221; <a href=\"https:\/\/www.washingtonexaminer.com\/finance-economy\/silicon-valley-bank-fdic-auction-svb\">Silicon Valley Bank&#8217;s collapse: FDIC auction for bank, last bids due Sunday<\/a>&#8221;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>THe Federal Deposit Insurance Corporation According to sources familiar with the situation, a auction was started for Silicon Valley Bank on Saturday night. All bids are due by Sunday afternoon. According to unidentified sources, the FDIC hopes to close the deal quickly, but the winner might not be known until Sunday night. This deal is &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1897009,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[7681,5373,9901,7385,21325,8762,4611,8107,11439,8109],"class_list":["post-1875131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-auction","tag-bank","tag-bids","tag-collapse","tag-fdic","tag-final","tag-holding","tag-silicon","tag-sunday","tag-valley"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1875131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1875131"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1875131\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1897009"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1875131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1875131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1875131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}