American media: JPMorgan Chase and PNC are one of the potential acquirers of SVB Financial Group
According to reports, sources revealed that JPMorgan Chase and PNC are among the potential acquirers who are negotiating to acquire SVB Financial Group, and the deal will exclude the part currently taken over by the US government. Sources said that Apollo Management and Morgan Stanley were also discussing the acquisition, and Apollo was interested in transaction financing or acquisition of some businesses. It is worth noting. According to the company’s 10K report in 2022, these three entities, namely SVB Private, SVB Capital and SVB Securities, are much smaller than the SVB Bank entities currently controlled by the Federal Deposit Insurance Corporation of the United States. （AXIOS）
Interpretation of this information:
The report suggests that JPMorgan Chase, PNC, Apollo Management, and Morgan Stanley are all in talks to acquire SVB Financial Group, with the exclusion of the part currently held by the US government. The companies are reportedly interested in acquiring either the SVB Bank entities or some of its businesses. However, it is worth noting that the three entities (SVB Private, SVB Capital, and SVB Securities) the report mentions are much smaller than those controlled by the FDIC.
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