First Citizens considering takeover of Silicon Valley Bank, Bloomberg reports

First Citizens (FCNCA) is weighing an offer for Silicon Valley Bank (SIVB), Bloomberg’s Matthew Monks and Ed Hammond reported on Saturday. According to people familiar with the matter, First Citizens is among the handful of potential buyers in the data room for the auction process for the failed bank, and offers were due Sunday morning. According to the people, the FDIC was expected to decide on Sunday whether to pursue a full sale or breakup.Reference Link