JP Morgan, PNC reportedly among potential suitors to acquire SVB<p style="" class="text-align-justify">This is still an important step to stabilise the business divisions under SVB but after the backstop by the US government and the Fed, it's definitely enough for markets to breathe easier. According to the report, Apollo Management and Morgan Stanley are also two names floated as part of the discussions - adding to JP Morgan and PNC. More on that <a href="https://www.axios.com/2023/03/13/jp-morgan-pnc-among-suitors-for-svb-holding-company" target="_blank" rel="nofollow">here</a>.</p>
This article was written by Justin Low at www.forexlive.com.
Source: JP Morgan, PNC reportedly among potential suitors to acquire SVB (https://www.forexlive.com/news/jp-morgan-pnc-reportedly-among-potential-suitors-to-acquire-svb-20230313/https://www.forexlive.com/news/jp-morgan-pnc-reportedly-among-potential-suitors-to-acquire-svb-20230313/)
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