The Federal Deposit Insurance Corp. on Thursday said it expects to announce a decision this weekend about who will win the bidding for the various parts of Silicon Valley Bridge Bank N.A. that it has been trying to sell for the past two weeks.
Bids are due today in the third round of auctions that the government has held since it took control of the Santa Clara-based Silicon Valley Bank after it became the second largest bank failure in U.S. history. The bank ran out of money after it spooked depositors…
