FDIC Focuses on Selling Bankrupt Banks - Coinleaks
Current Date:September 21, 2024

FDIC Focuses on Selling Bankrupt Banks

US Federal Deposit Insurance Corporation ( FDIC), SVBAnd Signature BenchDeadline for those who want to buy It was set to March 17.

USAThe economic turmoil in Turkey brought the bankruptcy of the banks. USA resurfaced the recession concerns with its policy of increasing interest rates. After the recent US interest rate moves, Silicon Valley Bank ( SVB) And Signature Bankwas declared bankrupt. SVBbankruptcy of 2008It was seen as the second biggest banking crisis after .

Following these bankruptcy processes FDICorganizations that want to buy two troubled banks, until March 17 He said he had to bid. Moreover FDIC, Signature BankTo the organization that wants to buy the crypto operationsrequires its closure.

FDIC Turns To “Crypto Operations”

US Federal Deposit Insurance Corporation ( FDIC), Silicon Valley Bank ( SVB) And Signature BankHe made statements about the sale of .

ReutersAccording to the news of FDIC, March 17 will receive offers for these two banks until the deadline. However FDIC, Signature Bankafter the sale of He doesn’t want him to continue his crypto operations.

FDIC, past Fridayday SVBand Sundayday Signature Bank had taken over. The regulator is working to bring these two banks back to the private sector and ensure that they can resume their services in harmony.

ReutersAccording to the news based on the sources, FDIC aims to sell both major banks in their entirety. However, if not all of the companies are sold, offers may be received for some of the banks.

Reuterstwo sources of any SignatureThe bank buyer refuses to give up all crypto business in the bank. He added that he should agree.