As US regulators seek a buyer for the remnants of SVB Financial Group, they’ll be working to find a home for sprawling commercial-banking operations, a wealth unit, an investment bank and a fund manager.
Silicon Valley Bank was seized by regulators Friday amid a run on deposits and an aborted push to raise capital. The Federal Deposit Insurance Corp. now aims to find buyers for the firm’s various businesses to return as much of clients’ money as possible.
