A notice hangs on the door of Silicon Valley Bank located in San Francisco, California, U.S. March 10, 2023. REUTERS/Krystal Huinvestment banking arm, SVB Securities Management, are exploring ways to buy the firm back from its parent, Bloomberg News reported on Saturday, citing people familiar with the matter.
The head of SVB Securities, Jeff Leerink, and his team are seeking help to finance a potential management buyout of the business, the report said, adding that they are rushing to do a speedy deal as regulators seek a buyout for the remnants of SVB Financial Group.
carlquintanilla This was the plan all along! We'll know for sure If 20% ends up in Peter Theil's Roth IRA.
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ah, it's sounding more like a scam every minute...
carlquintanilla oh damn bullish
carlquintanilla Looks like a headline from The Onion.
carlquintanilla Ouroboros
How very Alameda/FTX of them....
Doubling-down
Um, can a bank buy itself back?
Isn't that akin to financial incest?
Fabulous idea
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