After failing to find buyers for Silicon Valley Bank, which survived bankruptcy in the US, regulators decided to sell the credit institution piecemeal. The agency reported Bloomberg.
According to the agency, the Federal Deposit Insurance Corporation will divide the bank into two parts. Applications will reportedly be filed by Friday for the “pass bank” artificially created by the regulator.
old edition of The Economis reportedThe rapid collapse of the Bank of Silicon Valley (SVB) and the ensuing series of problems revealed an underestimated risk to the entire banking system. Therefore, it is time for a global overhaul of the entire banking system.
On March 17, Bloomberg reported that, based on an analysis of the securities quotas of 166 credit institutions around the world, equities had the best foreign exchange results in the global stock market after the collapse of the American investment bank SVB and Swiss Credit Suisse. We are talking about Chinese credit institutions Bank of China, Industrial and Commercial Bank of China, Construction Bank of China and other major banks in China.