The Federal Deposit Insurance Corporation (FDIC) sold all deposits and loans of Silicon Valley Bank (SVB) deposits and loans by First-Citizens Bank and Trust Company
SVB Financial Group (SIVB.O) said on Tuesday that Goldman Sachs Group Inc (GS.N) was the acquirer of a bond portfolio on which it booked a $1.8 billion loss, a transaction that set in motion the failure of SVB.
Silicon Valley Bank (SVB) live updates: The Silicon Valley Bank, a key lender to US startups since the 1980s, which collapsed on Friday last, will re-open "no later than Monday morning" New York Time, which could be between 9 pm and 10 pm in India.