March 17 (Reuters) - U.S. regulators are considering
retaining securities owned by Signature Bank and
Silicon Valley Bank which sank in value due to rising
interest rates, Bloomberg News reported on Friday.
The move could facilitate the process of takeovers which
became more challenging due to declining value of the assets,
the report said, citing people familiar with the matter.
The amount covered at Signature could range from $20 billion
to $50 billion, while for Silicon Valley Bank it could be
between $60 billion and $120 billion, the report added.
FDIC, Signature Bank, Silicon Valley Bank did not
immediately respond to Reuters requests for comment.
SVB Financial Group, the former parent company of Silicon
Valley Bank, filed for a court-supervised reorganization under
Chapter 11 bankruptcy protection to seek buyers for its assets.
Financial stocks have lost billions of dollars in value
since the collapse of Silicon Valley Bank and Signature Bank
last week, while credit stress has worsened for Wall Street's
biggest banks.
(Reporting by Urvi Dugar in Bengaluru; Editing by Lincoln
Feast.)
