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The high-stakes acquisitions of 2008 and subsequent legal liabilities have sapped enthusiasm from many prospective buyers for Silicon Valley and Signature Banks. The Federal Deposit Insurance Corp. may end up having to sell assets piece by piece.
The crisis is only going to further concentrate the power of big banks in the United States, the opposite of what many believe is in the country's best interest.
The high-stakes acquisitions of 2008 and subsequent legal liabilities have sapped enthusiasm from many prospective buyers for Silicon Valley and Signature Banks. The Federal Deposit Insurance Corp. may end up having to sell assets piece by piece.
Small banks and some Republicans are hitting out at Treasury Secretary Janet Yellen over the federal government’s decision to insure deposits at “systemically risky” large banks.