Thursday, March 16, 2023

Sources: five days after seizing SVB, the FDIC has conducted a stop-and-start auction process, failing so far to find a willing buyer for all of SVB's assets (New York Times)

New York Times:
Sources: five days after seizing SVB, the FDIC has conducted a stop-and-start auction process, failing so far to find a willing buyer for all of SVB's assets  —  Big rivals are thus far shying away from scooping up the bank's assets.  —  Five days after seizing control of Silicon Valley Bank …



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Montenegro says Terraform Labs co-founder Do Kwon will be extradited to the US, potentially ending a standoff over competing demands by the US and South Korea (Bloomberg)

Bloomberg : Montenegro says Terraform Labs co-founder Do Kwon will be extradited to the US, potentially ending a standoff over competing ...