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by pr337h4m·3y ago·view on hn ↗
They should just get out of the way:

>The FDIC, which took over SVB on Friday, has sought bids from interested parties during the weekend. The regulator is looking for a bank that has the financial wherewithal and management expertise to handle Silicon Valley Bank’s assets and customers, but not one that is so large as to be considered “too big to fail,” these people said.

>That means large lenders like JPMorgan Chase or Bank of America likely aren’t in the running, the people said. Even some large regional banks could find it difficult to absorb Silicon Valley Bank, which was the 16th-largest U.S. lender as of the end of last year. There are concerns that doing so could intensify regulatory scrutiny, even if a lender were to “rescue” SVB in an emergency sale, the people said.

https://www.theinformation.com/articles/regional-banks-are-m...