The FDIC is planning another SVB auction after failing to find a suitor on March 12, The Wall Street Journal’s Andrew Ackerman reports. FDIC officials told Senate Republicans on Monday that they had additional flexibility to sell the firm now that regulators had declared its failure a threat to the financial system, according to people familiar with the briefing and notes on the discussion reviewed by the publication. According to the officials, none of the largest U.S. banks bid on SVB during a failed auction on Sunday, though at least one offer was made by another institution, which was declined by the FDIC. Reference Link
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