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SVB’s Auction Block Includes VC-Focused Lender, Wealth Unit

US regulators seek buyer for SVB Financial Group to return clients' money. Major banks likely to explore purchasing SVB businesses due to attractive client base of tech firms and wealthy founders.

  • US regulators seek buyer for SVB Financial Group to return clients' money.
  • Major banks likely to explore purchasing SVB businesses due to attractive client base of tech firms and wealthy founders.
  • SVB suffered from piling into bonds just before rates rose and concentrated depositor base.
  • FDIC aims to issue advance dividend to uninsured depositors within next week.
  • SVB holds $212 billion in assets with more than 8,500 employees worldwide.
SVB’s Auction Block Includes VC-Focused Lender, Wealth Unit
As US regulators seek a buyer for the remnants of SVB Financial Group, they’ll be working to find a home for sprawling commercial-banking operations, a wealth unit, an investment bank and a fund manager.

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