U.S. regulators are considering retaining ownership of securities owned by Signature Bank and Silicon Valley Bank to allow smaller banks to participate in auction for the collapsed lenders, a source familiar with the matter said on Friday.
to allow smaller banks to participate in auction for the collapsed lenders, a source familiar with the matter said on Friday.
Many of the fixed income securities that SVB and Signature Bank invested in, such as Treasuries, have been worth less since the Federal Reserve raised interest rates. The FDIC retaining those securities would ensure that acquirers do not have to book a loss on them.
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