Blackstone, Apollo were among bidders for SVB's assets
11/05/2023 24:04
May 10 (Reuters) - Blackstone Inc BX.N , Apollo Global
Management APO.N were among the bidders for some assets of
bankrupt Silicon Valley Bank, the Federal Deposit Insurance
Corporation (FDIC) said on Wednesday.
PNC Financial Services PNC.N , Valley Bank, Citizens Bank
and BankUnited BKU.N were also part of the 19 bidders, the
FDIC said.
(Reporting by Jahnavi Nidumolu in Bengaluru; Editing by Sandra
Maler)
((Jahnavi.Nidumolu@thomsonreuters.com;))