Kylie Mullen

Kylie Mullen

Foley & Lardner LLP

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Silicon Valley Bank Run Response: Asset Sale to New Bridge Bank

On March 13, 2023, the FDIC announced that substantially all of the assets of Silicon Valley Bank have been transferred to a “bridge bank,” which is a newly chartered bank operated by a board appointed by the FDIC. This...more

3/14/2023  /  Banking Sector , Bridge Banks , FDIC , Financial Institutions , Forward Contracts , Qualified Financial Contracts (QFC) , Receivership , Repurchase Agreements , Swap Agreements
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