March 18 (Reuters) – First Citizens BancShares Inc (FCNCA.O) is evaluating an offer for Silicon Valley Bank (SIVB.O), Bloomberg News reported on Saturday, citing people familiar with the matter.
At least one other suitor is making a serious consideration for the collapsed lender, the report said.
SVB and First Citizens did not immediately respond to Reuters' request for comment outside of business hours.
Reuters reported earlier this week that the Federal Deposit Insurance Corp had asked banks interested in acquiring Silicon Valley Bank and Signature Bank to submit bids by March 17.
The auctions followed the FDIC taking over Silicon Valley Bank last Friday and Signature Bank (SBNY.O) on Sunday, as the collapses of the two U.S. mid-sized lenders whipsawed global financial markets over fears of a contagion.
This will be the FDIC's second attempt at selling SVB after a failed effort a week ago. The FDIC had retained investment bank Piper Sandler Cos (PIPR.N) to run a new auction, the sources told Reuters.
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Asian lenders may find it difficult to replenish their capital by issuing Additional Tier-1 (AT1) bonds, Citigroup said in a research note on Wednesday, after the Swiss authorities' move to wipe out Credit Suisse bonds as part of its takeover deal.
Australia's prudential regulator has started asking the country's banks to declare their exposure to startups and crypto-focused ventures following the collapse of Silicon Valley Bank, according to the Australian Financial Review (AFR).
A member of a wealthy family that has held investments and leadership roles in retailers like DSW owner Designer Brands Inc and American Eagle Outfitters Inc was sentenced on Tuesday to a year in prison for insider trading.
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