- The Federal Deposit Insurance Corporation (FDIC) gave a Sunday afternoon deadline for bids for the failed bank.
- PNC Financial Group Inc (PNC.N) and Royal Bank of Canada (RY.TO) had cooled on Sunday.
- U.S. Treasury Secretary Janet Yellen ruled out a government bailout of Silicon Valley Bank and said she was working with regulators to find a solution.
- PNC wanted to pursue a bid for the entirety of Silicon Valley Bank, but then studied a bid for parts of Silicon Valley Bank.
Exclusive: PNC, RBC interest in SVB cools as regulators seek rescue bids
Interest from two early suitors for Silicon Valley Bank - PNC Financial Group Inc and Royal Bank of Canada - had cooled on Sunday, as U.S. regulators invited bids for the failed lender, according to sources familiar with the matter.
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