Breaking: Bidders Want To Buy Silicon Valley Bank In Parts?

Silicon Valley Bank News: After the FDIC auction process for finding a potential buyer for the Silicon Valley Bank (SVB) did not yield results over the weekend, another round of auction appears to be in the making. This comes after reports said the Federal Deposit Insurance Corp (FDIC) felt it had more reasons to sell the bank in the context of the larger market impact it had over the last few days. Meanwhile, the crypto market is showing bullish signs as Bitcoin price breached the $26,000 milestone for the first time in about three months.

Also Read: Circle Accessed USDC Reserves In SVB Account, CEO Confirms

The SVB’s businesses are spread out among four broad categories — global business solutions, business banking, liquidity solutions and global fund banking. The bank is now operating in the form of a full service FDIC operated bridge bank.

SVB Sale In Parts?

Meanwhile, Charles Gasparino, a Fox Business journalist, revealed that the failed bank’s potential owners are preferring to acquire pieces of its businesses rather than buying the whole entity. He said,

“People close to SVB bidding process say potential owners are hesitant to buy the entire entity, and focusing on pieces. The reason: Experience of JP Morgan, Bank Of America, which bought Bear and Merrill after the financial crisis and saddled with billions of unforeseen liabilities.”

Earlier, the FDIC was looking to quickly find a buyer for the failed bank amid all the FUD in the market. However, those efforts failed as no real winner came out of the final bids by Sunday.

Also Read: Solana Price Soars As A Whale Move Half Million Tokens

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Anvesh Reddy

Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at [email protected] or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.