{"id":23336,"date":"2023-06-16T03:57:41","date_gmt":"2023-06-16T07:57:41","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/us-banking-regulator-seeks-bids-for-silicon-valley-banks-german-assets\/"},"modified":"2023-06-16T03:57:42","modified_gmt":"2023-06-16T07:57:42","slug":"us-banking-regulator-seeks-bids-for-silicon-valley-banks-german-assets","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=23336","title":{"rendered":"US banking regulator seeks bids for Silicon Valley Bank’s German assets"},"content":{"rendered":"
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\u00a9 Reuters. FILE PHOTO: Customers wait outside as an employee enters the Silicon Valley Bank branch office in downtown San Francisco, California, U.S., March 13, 2023. REUTERS\/Kori Suzuki\/File Photo<\/span>
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(Reuters) -The U.S. banking regulator is seeking bids for the sale of collapsed Silicon Valley Bank’s German assets, according to a Thursday notice posted on its website. <\/p>\n

The U.S. Federal Deposit Insurance Corporation (FDIC) is inviting bids for SVB’s $460 million asset portfolio, including loans and leases, in Frankfurt and Berlin. The deadline for submission is July 19, according to the announcement.<\/p>\n

The regulator said it will open the German branch’s data room to eligible bidders on June 20, adding that participants must hold lending authorization in Germany. <\/p>\n

This comes in the wake of reports last week from local German media, which said that SVB’s German branch was in search of a potential buyer.<\/p>\n

In March, Silicon Valley Bridge Bank was granted permission by German financial regulator BaFin to conduct its lending business through its SVB Germany branch. <\/p>\n

HSBC, which acquired the UK arm of SVB, has been floated as a potential buyer, according to media reports.<\/p>\n

The development was first reported by the Financial Times on Thursday. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. FILE PHOTO: Customers wait outside as an employee enters the Silicon Valley Bank branch office in downtown San Francisco, California, U.S., March 13, 2023. REUTERS\/Kori Suzuki\/File Photo (Reuters) -The U.S. banking regulator is seeking bids for the sale of collapsed Silicon Valley Bank’s German assets, according to a Thursday notice posted on its […]<\/p>\n","protected":false},"author":1,"featured_media":2609,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-23336","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nUS banking regulator seeks bids for Silicon Valley Bank's German assets | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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