{"id":84298,"date":"2023-03-28T01:13:18","date_gmt":"2023-03-28T05:13:18","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=84298"},"modified":"2023-03-28T01:17:47","modified_gmt":"2023-03-28T05:17:47","slug":"heres-why-the-u-s-had-to-sweeten-terms-to-get-the-svb-sale-done","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2023\/heres-why-the-u-s-had-to-sweeten-terms-to-get-the-svb-sale-done.html","title":{"rendered":"Here\u2019s why the U.S. had to sweeten terms to get the SVB sale done"},"content":{"rendered":"\n<p>(CNBC) The winning bidder in the government\u2019s auction of Silicon Valley Bank\u2019s main assets received several concessions to make the deal happen. <a href=\"https:\/\/www.cnbc.com\/quotes\/FCNCA\/\">First Citizens BancShares<\/a> is acquiring $72 billion in SVB assets at a discount of $16.5 billion, or 23%, according to a Sunday <a rel=\"noreferrer noopener\" href=\"https:\/\/www.fdic.gov\/news\/press-releases\/2023\/pr23023.html\" target=\"_blank\">release<\/a> from the Federal Deposit Insurance Corporation.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/03\/27\/heres-why-the-us-had-to-sweeten-terms-to-get-the-svb-sale-done.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) The winning bidder in the government\u2019s auction of Silicon Valley Bank\u2019s main assets received several concessions to make the deal happen. First Citizens BancShares is acquiring $72 billion in SVB assets at a discount of $16.5 billion, or 23%, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-84298","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=84298"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84298\/revisions"}],"predecessor-version":[{"id":84299,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84298\/revisions\/84299"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=84298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=84298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=84298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}