The FDIC says it will break up SVB and hold two auctions for its traditional deposits unit and its private bank, after failing to find a buyer last week (Manya Saini/Reuters)

Manya Saini / Reuters:
The FDIC says it will break up SVB and hold two auctions for its traditional deposits unit and its private bank, after failing to find a buyer last week  —  The Federal Deposit Insurance Corporation on Monday decided to break up Silicon Valley Bank (SVB) and hold two separate auctions …