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PNC, RBC interest in SVB cools as regulators seek bids, Reuters says
The Fly

PNC, RBC interest in SVB cools as regulators seek bids, Reuters says

Interest from two early suitors for Silicon Valley Bank (SIVB) – PNC Financial (PNC) and Royal Bank of Canada (RY) – had cooled on Sunday, as U.S. regulators invited bids for the failed lender, Reuters says, citing sources familiar with the matter. The Federal Deposit Insurance Corporation had given a Sunday afternoon deadline for bids for the failed bank, one of the sources said. Reuters could not determine which banks had bid. Reference Link

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