The FDIC is saying that they are

  • extending the bid window for Silicon Valley bridge bank.
  • They add that there has been substantial interest from parties in Silicon Valley Bank, but they need more time.
  • FDIC will allow separate bids on a Silicon Valley bridge bank and Silicon Valley private bank to expand pool of potential bidders
  • it is seeking bids on Silicon Valley bridge bank by 8 PM on Friday
  • it is seeking bids on Silicon Valley private bank by 8 PM on Wednesday

in a separate release ORTEX is reporting:

  • short-sellers and First Republic made about $560 million profit on paper over the past week
  • short-sellers in Western alliance Bancorp made about $59 million