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(Reuters) - The U.S. Federal Deposit Insurance Corporation has begun a sale of failed Silicon Valley Bank's German assets, seeking bids for the lender's $460 million portfolio of loans, leases and other assets, the Financial
The U.S. Federal Deposit Insurance Corporation has begun a sale of failed Silicon Valley Bank's German assets, seeking bids for the lender's $460 million portfolio of loans, leases and other assets,... | June 15, 2023
The U.S. Federal Deposit Insurance Corporation (FDIC) is inviting bids for SVB's $460 million asset portfolio, including loans and leases, in Frankfurt and Berlin. The regulator said it will open the German branch's data room to eligible bidders on June 20, adding that participants must hold lending authorization in Germany. This comes in the wake of reports last week from local German media, which said that SVB's German branch was in search of a potential buyer.
Thomas M. Brown was elected to the board of directors of Arts for Learning Maryland, the nonprofit delivering arts-integrated learning experiences through engaging teaching artist workshops and performances. Brown is a partner at Finance Forward, a strategic wealth management firm. He specializes in estate, financial and charitable planning, insurance and medical underwriting. In addition to ...
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