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It sounds like they're trying to – and I think probably will – but it isn't a sure thing yet. Resting in my armchair, I think they're trying to make deals with
by ellisv 4y ago
It sounds like they're trying to – and I think probably will – but it isn't a sure thing yet.
Resting in my armchair, I think they're trying to make deals with several other banks to absorb the SVB clientele. Maybe there's one bank that agrees to buy up a large chunk of the deposits and a couple smaller ones that participate as well. If there are multiple buyers, it spreads out risk and doesn't just give assets to a big big, and may help raise the price floor. The FDIC might cover the gap.