Here’s why the US had to soften the terms to complete the SVB sale
[colabot8] The winning bidder in the government’s auction of Silicon Valley Bank’s core assets received several concessions to make the deal a reality. First Citizens BancShares acquires $72 billion in SVB assets at a discount of $16.5 billion, or 23%, according to a Sunday release of the Federal Deposit Insurance Corporation. The deal doubles the …
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