Regulators urged to find Silicon Valley Bank buyer as industry frets about fallout

Regulators urged to find Silicon Valley Bank buyer as industry frets about fallout https://ift.tt/819xsjf Federal Deposit Insurance Corporation (FDIC), which was appointed receiver, was trying to find another bank over the weekend that was willing to merge with Silicon Valley Bank, people familiar with the matter said on Friday. With $209 billion in assets, the Santa Clara, California based lender was the 16th largest U.S. bank, making the list of potential buyers who could pull off a deal over a weekend relatively short.