Warner: US needs to find buyer for Silicon Valley Bank ...Middle East

The best outcome for the failed Silicon Valley Bank would be for U.S. officials to find a buyer for it on Sunday, Sen. Mark Warner (D-Va.) said, after its collapse last week. “The best outcome will be can they find a buyer for this SVB bank today before the markets open in Asia later in the day,” Warner said on ABC’s “This Week.” “The depositors can be taken care of and the best outcome will be an acquisition of SVB.” The fall of the bank last week sent shockwaves throughout the tech industry, which relied heavily on the bank for financing. Federal regulators took the bank under control last week, as fears of widespread banking difficulties rose. Warner onSunday was hesitant to

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Last updated : 12 March 2023 clock 05:12 PM

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Warner: US needs to find buyer for Silicon Valley Bank ...Middle East

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