ratiman Posted March 10, 2023 Share Posted March 10, 2023 GS is running the sale process. Why wouldn't GS be the acquirer? It would be a chance to lock in tech firms as clients and GS is a bank. WFC might be another possible acquirer as it's in California but WFC already has a lot of problems of its own. JPM is always at the top of the list but after Bear Stearns I don't think Dimon wants to go through that again. Or will there be no takeover and it will just go into the typical FDIC process, which would be devastating for a lot of startups and VCs. Link to comment Share on other sites More sharing options...
Intelligent_Investor Posted March 10, 2023 Share Posted March 10, 2023 FDIC taking over Link to comment Share on other sites More sharing options...
ratiman Posted March 10, 2023 Author Share Posted March 10, 2023 But can't the assets be transferred to another bank? Link to comment Share on other sites More sharing options...
Gregmal Posted March 10, 2023 Share Posted March 10, 2023 Yea this would go down as what’s called an asset sale in the finance biz lol or transfer of the assets. Carcass is done Link to comment Share on other sites More sharing options...
Spekulatius Posted March 11, 2023 Share Posted March 11, 2023 SIVB is a $200B bank. Only a major National bank can swallow this one whole. Think JPM, WFC, BAC. It’s too large for a bank like USB, especially since they are currently involved in the Union bank acquisition and have some rebuilding on the capital ratios to do. Link to comment Share on other sites More sharing options...
rogermunibond Posted March 11, 2023 Share Posted March 11, 2023 SIFI likely aren’t allowed to buy as they would get even bigger, no? Link to comment Share on other sites More sharing options...
DooDiligence Posted March 12, 2023 Share Posted March 12, 2023 https://fortune.com/2023/03/11/elon-musk-open-to-buying-silicon-valley-bank-as-he-lays-twitter-payments-groundwork/ Link to comment Share on other sites More sharing options...
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