FDIC Hires BlackRock to Handle Portfolio Sales From the Receiverships of SVB and Signature Bank

Posted on 04/06/2023

Federal Deposit Insurance Corporation (FDIC) hired BlackRock Inc. to help sell the approximately US$ 114 billion in holdings related to the collapse of Silicon Valley Bank (SVB) and Signature Bank. The FDIC said in a statement that BlackRock Financial Market Advisory had been retained to conduct portfolio sales related to the securities from the receiverships…

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