Stock Market News

Exclusive-PNC, RBC interest in SVB cools as regulators seek rescue bids – sources

2023.03.12 16:53

2/2

© Reuters. FILE PHOTO: A Royal Bank of Canada (RBC) logo is seen on Bay Street in the heart of the financial district in Toronto, January 22, 2015. REUTERS/Mark Blinch/File Photo

2/2

(Reuters) – Interest from two early suitors for Silicon Valley Bank – PNC Financial (NYSE:) Group Inc and Royal Bank of Canada – had cooled on Sunday, as U.S. regulators invited bids for the failed lender, according to sources familiar with the matter.  

The Federal Deposit Insurance Corporation (FDIC) had given a Sunday afternoon deadline for bids for the failed bank, one of the sources said. Reuters could not determine which banks had decided to bid.

The banks and the FDIC declined comment.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 98,167.30 3.99%
ethereum
Ethereum (ETH) $ 3,496.71 2.68%
tether
Tether (USDT) $ 0.999808 0.03%
xrp
XRP (XRP) $ 2.29 1.71%
bnb
BNB (BNB) $ 703.72 1.99%
solana
Solana (SOL) $ 198.53 3.22%
dogecoin
Dogecoin (DOGE) $ 0.332649 3.33%
usd-coin
USDC (USDC) $ 1.00 0.03%
staked-ether
Lido Staked Ether (STETH) $ 3,492.30 2.83%
cardano
Cardano (ADA) $ 0.92059 2.06%
tron
TRON (TRX) $ 0.256589 1.87%
avalanche-2
Avalanche (AVAX) $ 41.09 5.63%
chainlink
Chainlink (LINK) $ 24.93 4.09%
the-open-network
Toncoin (TON) $ 5.90 4.88%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,159.63 3.12%
shiba-inu
Shiba Inu (SHIB) $ 0.000023 3.74%
sui
Sui (SUI) $ 4.55 0.86%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,798.20 3.75%
hedera-hashgraph
Hedera (HBAR) $ 0.311752 3.45%
stellar
Stellar (XLM) $ 0.386837 4.13%
polkadot
Polkadot (DOT) $ 7.43 2.33%
weth
WETH (WETH) $ 3,495.92 2.72%
hyperliquid
Hyperliquid (HYPE) $ 28.32 5.75%
bitcoin-cash
Bitcoin Cash (BCH) $ 464.27 1.10%
leo-token
LEO Token (LEO) $ 9.55 1.50%
uniswap
Uniswap (UNI) $ 14.13 1.84%
litecoin
Litecoin (LTC) $ 108.36 1.65%
pepe
Pepe (PEPE) $ 0.000019 3.43%
bitget-token
Bitget Token (BGB) $ 5.29 10.89%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,691.36 2.90%
near
NEAR Protocol (NEAR) $ 5.53 1.06%
ethena-usde
Ethena USDe (USDE) $ 0.999408 0.06%
aave
Aave (AAVE) $ 383.15 2.59%
internet-computer
Internet Computer (ICP) $ 11.34 5.43%
aptos
Aptos (APT) $ 9.69 3.04%
usds
USDS (USDS) $ 0.997583 0.36%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.519546 2.88%
crypto-com-chain
Cronos (CRO) $ 0.16027 0.34%
vechain
VeChain (VET) $ 0.052384 8.61%
mantle
Mantle (MNT) $ 1.26 5.32%
ethereum-classic
Ethereum Classic (ETC) $ 27.60 1.55%
render-token
Render (RENDER) $ 7.71 0.65%
bittensor
Bittensor (TAO) $ 500.68 0.91%
monero
Monero (XMR) $ 198.39 4.98%
whitebit
WhiteBIT Coin (WBT) $ 24.90 1.97%
mantra-dao
MANTRA (OM) $ 3.74 0.74%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.36 1.05%
dai
Dai (DAI) $ 1.00 0.03%
arbitrum
Arbitrum (ARB) $ 0.805677 1.12%
filecoin
Filecoin (FIL) $ 5.35 2.73%