Exclusive: US regulator looking to sell Silicon Valley Bank and Signature Bank portfolios, sources say
NEW YORK/WASHINGTON, March 31 (Reuters) – The Federal Deposit Insurance Corporation (FDIC) has hired advisers to sell portfolios of securities that the new owners of Silicon Valley Bank and Signature Bank rejected, according to sources familiar with the matter. The portfolios are made up of low-yielding assets, such as treasury bills and securities backed by … Read more