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FDIC Is Tapping Piper Sandler to Revive Plans to Sell Silicon Valley Bank

The FDIC has brought in the investment bank Piper Sandler to auction off Silicon Valley Bank, kicking off a high stakes sales process for the collapsed lender, according to two market sources who were granted anonymity to discuss the sale.

Lawmakers have been pressuring federal officials to outline their long-term plans for the defunct bank since it was shut down by California officials on Friday.

Silicon Valley Bank FDIC
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