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FDIC opts to break up Silicon Valley Bank, auction off units The Federal Deposit Insurance Corporation on Monday decided to break up Silicon Valley Bank and hold two separate auctions for its traditional deposits unit and its private bank after failing to find a buyer for the failed lender last week. FDIC will take bids for SVB until Wednesday and the bridge bank until Friday. Bank and non-bank financial firms will be allowed to bid on the asset portfolios. SEE WHICH INVESTORS ARE EXPECTED TO BID ON SVB
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Markets
DJIA | 32,536.94 | 0.91% |
S&P 500 | 3,991.58 | 1.01% |
Nasdaq Composite | 11,785.01 | 0.94% |
Japan: Nikkei 225 | 26,945.67 | -1.42% |
UK: FTSE 100 | 7,535.98 | 1.78% |
Crude Oil Futures | 68.65 | 1.49% |
Gold Futures | 1,967.60 | -0.77% |
Yen | 132.27 | 0.73% |
Euro | 1.08 | 0.55% | * As of market close |
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US reports 'human rights issues' in India
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GOP calls for canceling COVID relief funds
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States ask Kia, Hyundai to fight theft trend
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Click Below to win a gift
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Grand theft auto
What vehicle model was the most commonly stolen in the U.S. in 2022? Tuesday's answer: The most commonly stolen vehicle in the U.S. in 2022 was the Ford Full-Size Pickup truck with a total of 44,014 thefts.
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