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Finance

Apollo, Blackstone and Brex Among Firms That Bid for SVB Assets

By
Michael Roddan
· · Source: The Information

Private equity firms Apollo and Blackstone were among 20 institutions that made bids for all or part of Silicon Valley Bank following its March collapse, according to a Wednesday disclosure by the Federal Deposit Insurance Corp. The agency released a list of firms that lobbed bids for SVB, its asset pools and the lender’s private banking division, although it de-identified companies from the...

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