[TonyLima]

I don't understand why the Feds are racing to sell assets and having an extremely quick bid process to sell the bank. Fire sales rarely return the most for the stakeholders. And those with funds there, certainly didn't need them immediately. Maybe someone can explain the rush.

In every bank failure since time immemorial, the shareholders have been wiped out. The value of their shares is zero dollars.

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This article cites some anonymous sources in predicting that there won’t be a buyer for SVB as a whole entity, at least not before markets open on Monday. 
https://www.reuters.com/business/finance...023-03-12/

As of noon, Sunday, the FDIC was rumored to be talking to Goldman Sachs.

[TonyLima]

I don't understand why the Feds are racing to sell assets and having an extremely quick bid process to sell the bank. Fire sales rarely return the most for the stakeholders. And those with funds there, certainly didn't need them immediately. Maybe someone can explain the rush.

In every bank failure since time immemorial, the shareholders have been wiped out. The value of their shares is zero dollars.

---

This article cites some anonymous sources in predicting that there won’t be a buyer for SVB as a whole entity, at least not before markets open on Monday. 
https://www.reuters.com/business/finance...023-03-12/

As of noon, Sunday, the FDIC was rumored to be talking to Goldman Sachs.