The prospects remain unclear.
(Photo: IMAGO/Zoonar)
new York The failure of the Silicon Valley Bank (SVB) – the first since the outbreak of the great financial crisis of 2008 – moves founders and investors all over the world. On Friday, the regulators of the FDIC surprisingly took control of the 40-year-old institute, which was the house bank of the American innovation industry.
Politicians and regulators are now trying to avoid domino effects and reassure bank customers.
The most important answers to the topic:
What’s next for the SVB?
The search for buyers is in full swing. Ideally, FDIC regulators should come up with a solution by Sunday night. They are looking for a buyer for the entire institute. However, it is also conceivable to sell parts of the once renowned bank. The latter is the more likely solution, as the Handelsblatt learned from well-informed circles. A management buyout is also an option, according to the Bloomberg news agency.
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