BlackRock employed to sell down $114bn Signature Bank and SVB portfolios

James Baxter-Derrington
clock • 1 min read

BlackRock Financial Market Advisory has been retained by the Federal Deposit Insurance Corporation to sell the $114bn securities portfolios it inherited from the failures of Silicon Valley Bank and Signature Bank. The two portfolios total approximately $27bn for Signature Bank and $87bn for SVB, and are primarily comprised of agency mortgage-backed securities, collateralised mortgage obligations and commercial mortgage-backed securities. 'This time is different': SVB collapse symptom of easy money rather than systemic banking issues Portfolio sales will be conducted in a "gradual a...

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