/cloudfront-us-east-2.images.arcpublishing.com/reuters/CSJCRW2GANKJFGT44YZ3QLI7SM.jpg)
March 18 (Reuters) – First Citizens BancShares Inc (FCNCA.O) is evaluating an offer for Silicon Valley Bank (SIVB.O), Bloomberg News reported on Saturday, citing people familiar with the matter.
At least one other suitor is making a serious consideration for the collapsed lender, the report said.
SVB and First Citizens did not immediately respond to Reuters’ request for comment outside of business hours.
Reuters reported earlier this week that the Federal Deposit Insurance Corp had asked banks interested in acquiring Silicon Valley Bank and Signature Bank to submit bids by March 17.
The auctions followed the FDIC taking over Silicon Valley Bank last Friday and Signature Bank (SBNY.O) on Sunday, as the collapses of the two U.S. mid-sized lenders whipsawed global financial markets over fears of a contagion.
This will be the FDIC’s second attempt at selling SVB after a failed effort a week ago. The FDIC had retained investment bank Piper Sandler Cos (PIPR.N) to run a new auction, the sources told Reuters.
Reporting by Lavanya Ahire in Bengaluru; Editing by Jacqueline Wong and Lincoln Feast.
Our Standards: The Thomson Reuters Trust Principles.
LIMON, Costa Rica (AP) — In this colorful Caribbean port, where cruise ship passengers are whisked to jungle adventures in Costa Rica’s interior, locals try
Europe must be prepared to support deep-sea mining if it is to secure metals crucial to making the transition to clean energy, the new Norwegian owner of
Israel’s private cyberattack sector has rocked global headlines in recent years, whether praised for stopping ISIS terrorism or scorned for facil
Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. Get the latest news in aviation, food and drink, wh
