Bankers urge Silicon Valley Bank buyoutDOMINO EFFECT FEARED: The collapse of start-up-focused SVB could affect its regional peers, some executives said, calling on financial authorities to protect unisured deposits Some financial industry executives and investors were on Saturday growing increasingly concerned that the collapse of Silicon Valley Bank (SVB) could have a domino effect on other US regional banks if regulators did not find a buyer over the weekend to protect uninsured deposits. Start-up-focused lender SVB Financial Group on Friday became the largest bank to fail since the 2008 global financial crisis, roiling markets and leaving billions of US dollars belonging to companies and investors stranded. The Federal Deposit Insurance Corp (FDIC), which was appointed receiver, was trying to find another bank over the weekend that was willing to merge with

Source: Taipei Times March 17, 2023 23:24 UTC