Friday, March 31, 2023
  • Login
Metro News
  • Home
  • News
    • Sports
    • Science
  • Entertainment
    • Music
    • Fashion
  • Lifestyle
    • Food
    • Health
    • Travel
  • Tech
    • Mobile
    • Gaming
    • Gadget
    • Apps
No Result
View All Result
  • Home
  • News
    • Sports
    • Science
  • Entertainment
    • Music
    • Fashion
  • Lifestyle
    • Food
    • Health
    • Travel
  • Tech
    • Mobile
    • Gaming
    • Gadget
    • Apps
No Result
View All Result
Metro News
No Result
View All Result
Home Tech

FDIC auction for SVB assets said to be underway

ALY by ALY
March 12, 2023
in Tech
0
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

An auction for the remaining assets of the failed Silicon Valley Bank is reportedly underway, with final bids due this afternoon and a result potentially arriving late Sunday, according to Bloomberg.

Bloomberg says that the U.S. Federal Deposit Insurance Corp. (FDIC), which stepped in and shut down SVB on Friday as it was experiencing an unprecedented run on funds by its clients, is hoping to conclude the auction before markets open on Monday morning.

A fast sale could help the FDIC make at least some of the uninsured deposits of SVB customers available to them by Monday. Already, the U.S. agency has said it’ll make the insured amounts available in full in time for next week to kick off.

When contacted, a spokesperson for the FDIC said that they are not providing comment on these reports.

As a potential resolution looms in the background, others in the startup ecosystem are jumping up to find liquidity options for entrepreneurs trying to make payroll next week. Most recently, Brex CEO Henrique Dubugras said he is working to raise over a billion dollars in a weekend to help fund an emergency bridge credit line.

 

Read more about SVB's 2023 collapse on TechCrunch


Previous Post

Download Big Starry Sur wallpapers for iPhone and Mac

Next Post

Rams’ CB Jalen Ramsey reportedly headed to Miami Dophins

Next Post

Rams' CB Jalen Ramsey reportedly headed to Miami Dophins

  • Trending
  • Comments
  • Latest

Damar Hamlin injury updates: Latest on Bills safety in critical condition in hospital

January 3, 2023

Will Pac 12 secure a media rights deal with USC, UCLA leaving?

March 30, 2023
recalled-dried-plums-Alli-and-Rose.jpg

Corporate remembers dried plums from Costco retail outlets on account of lead contamination

February 25, 2022

Samsung Galaxy Watch 5 Pro vs Samsung Galaxy Watch 4 Classic

August 13, 2022
21ukraine-briefing-excerpts2-facebookJumbo.jpg

Highlights From Putin’s Cope with on Breakaway Areas in Ukraine

0
stranger-of-paradise-difficulty.jpg

Stranger of Paradise goes to be higher than Elden Ring… on the subject of problem choices, no less than

0

Pamela Anderson Is ‘Killing It’ In Broadway Rehearsals For ‘Chicago’ – Hollywood Life

0

About 300 People Died in Bombing of Mariupol Theater, Officials Say

0

Canadian police say six bodies found near Quebec border with US | News

March 31, 2023

Alzheimer’s May Not Actually Be a Brain Disease, Expert Says : ScienceAlert

March 31, 2023

Kyle Watson Launches New Label ‘No Context’ With Debut Release, “Kick Drums”

March 31, 2023

Tekashi 6ix9ine Assault Suspects Arrested

March 31, 2023

Recent News

Canadian police say six bodies found near Quebec border with US | News

March 31, 2023

Alzheimer’s May Not Actually Be a Brain Disease, Expert Says : ScienceAlert

March 31, 2023

Kyle Watson Launches New Label ‘No Context’ With Debut Release, “Kick Drums”

March 31, 2023

Tekashi 6ix9ine Assault Suspects Arrested

March 31, 2023




Metro News

We bring you the Global News From All Over The World. Stay Tuned For Your Favorite Categories News 24x7.

Browse by Category

  • Apps
  • Crypto News
  • Crypto Trading
  • Entertainment
  • essay online
  • essay usa
  • Essay Writer Cheap
  • Fashion
  • FinTech
  • Food
  • Forex Handel
  • Gadget
  • Gaming
  • Health
  • Lifestyle
  • Mobile
  • Music
  • News
  • pashka
  • Payday Loans
  • Porn Chat
  • Science
  • Software Development
  • Sports
  • Tech
  • Travel
  • Uncategorized
  • Бизнес Украина
  • Инвестиции
  • Новости Украины
  • Ремонт Автомобилей
  • Финансовые Новости
  • Форекс брокеры

Recent News

Canadian police say six bodies found near Quebec border with US | News

March 31, 2023

Alzheimer’s May Not Actually Be a Brain Disease, Expert Says : ScienceAlert

March 31, 2023

Kyle Watson Launches New Label ‘No Context’ With Debut Release, “Kick Drums”

March 31, 2023

Tekashi 6ix9ine Assault Suspects Arrested

March 31, 2023

© 2022 Metro News - Biggest Digital New Network.

No Result
View All Result
  • Home
  • News
    • Sports
    • Science
  • Entertainment
    • Music
    • Fashion
  • Lifestyle
    • Food
    • Health
    • Travel
  • Tech
    • Mobile
    • Gaming
    • Gadget
    • Apps

© 2022 Metro News - Biggest Digital New Network.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Posting....
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
x Logo: Shield Security
This Site Is Protected By
Shield Security →