Federal regulators are racing to contain the fallout from Friday’s collapse of Silicon Valley Bank. News reports indicate that the Federal Deposit Insurance Corp. (FDIC) started an auction for the bank on Saturday that is scheduled to wrap up this afternoon. If that auction fails to produce a buyer, the government is reportedly considering plans to sa…
Keep reading with a 7-day free trial
Subscribe to The Credit Strategist to keep reading this post and get 7 days of free access to the full post archives.