The Federal Deposit Insurance Corp. reportedly extended to Friday a deadline for bids on the wealth management unit of the former Silicon Valley Bank.
The agency had previously set a deadline of 8 p.m. Wednesday. But it's now pushed back the date when bid are due until Friday, Bloomberg reported Tuesday. Friday is the same day that bids are due on rest of the Santa Clara-based bank, which failed March 10 after it ran out of cash to cover a massive run of withdrawals .
Bloomberg didn't know why…
