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Re:FDIC Auction for SVB Said to Be Underway, Final Bids Due ... by dylan604 on Sunday March 12, 2023 @01:59PM (#35123671)
it's the banking version of acquihire.

Bank CEO: "We want to get more tech biz customers, but we don't want to start from scratch with high risk startups."

FDIC: "We have this bank with a lot of established companies"

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