Sources: Buyer of Signature must agree to give up all cryptocurrency business; FDIC denies involvement
(Updated on 3/17: The FDIC has come forward to deny this rumor, stating that they neither prohibit nor discourage such banking activities, and will not revoke it as part of bank offerings)
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Update on 3/17: FDIC has come forward to deny the rumor, stating that they neither prohibit nor discourage such banking activities, and will not revoke it as part of the bank's sale.
According to Reuters citing sources, the Federal Deposit Insurance Corporation (FDIC) has requested banks interested in acquiring Silicon Valley Bank and Signature Bank to submit bids by March 17th. Sources say FDIC has hired investment bank Piper Sandler Companies to conduct the auction, with only bidders holding existing bank licenses allowed to study the bank's financial condition before submitting bids, and any buyer of Signature must agree to divest all crypto-related businesses of the bank.
(This article is authorized reposted from Foresight News, Foresight News is a Chinese content platform in the Web3 vertical field, adhering to the basic principle of "objectivity, neutrality," dedicated to creating a Chinese gateway to the Web3 world.)
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