Sources: the FDIC started an auction late Saturday for SVB and final bids will be due by Sunday afternoon; it’s possible that no deal will be reached (Matthew Monks/Bloomberg)

Matthew Monks / Bloomberg:
Sources: the FDIC started an auction late Saturday for SVB and final bids will be due by Sunday afternoon; it’s possible that no deal will be reached  —  The Federal Deposit Insurance Corp. kicked off an auction process late Saturday night for Silicon Valley Bank, with final bids due by Sunday afternoon …