- JPMorgan Chase & Co, PNC Financial Service Group Inc, Apollo Management and Morgan Stanley are in talks to acquire SVB Financial Group excluding its commercial banking unit Silicon Valley Bank.
- U.S. Federal Deposit Insurance Corporation gave a deadline of Sunday afternoon for bids for the failed Silicon Valley Bank.
JPMorgan, PNC among suitors for SVB Financial in deal excluding SVB Bank - Axios
JPMorgan Chase & Co and PNC Financial Service Group Inc are among those in talks about acquiring SVB Financial Group in a deal that would exclude its commercial banking unit Silicon Valley Bank that is currently under U.S. control, Axios reported on Monday citing sources.
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