The Federal Deposit Insurance Corp. reportedly extended to Friday a deadline for bids on the wealth management unit of the former Silicon Valley Bank.
SVB Private was formerly known as Boston Private. SVB Financial acquired the latter for $1.1 billion in stock in 2021.
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…
