Bloomberg Business

The Federal Deposit Insurance Corp. kicked off an auction process late Saturday for Silicon Valley Bank, with final bids due by Sunday afternoon, according to people familiar with the matter.

Global asset manager and tech lender Liquidity Group is planning to offer about $3 billion in emergency loans to start-up clients hit by the collapse of Silicon Valley Bank.

Democratic Representative Ro Khanna said the Federal Deposit Insurance Corp is working to find a buyer for Silicon Valley Bank and urged the US government to step in and guarantee all of the bank’s deposits.

France says there is no concern that its banks including Societe Generale SA and BNP Paribas SA will be affected by the collapse of Silicon Valley Bank.

US regulators overseeing the emergency breakup of SVB Financial Group are racing to sell assets and make a portion of clients’ uninsured deposits available as soon as Monday, according to people with knowledge of the situation.

UK Chancellor of the Exchequer Jeremy Hunt said it was wrong of BBC presenter Gary Lineker to comment on government policy, part of a growing furor that forced the public broadcaster to air its flagship football show without commentators.

Iraq’s Prime Minister Mohammed Shia Al-Sudani on Sunday kicked off an initiative to plant 5 million trees and palms across the country in an attempt to alleviate some of the deleterious impacts of climate change, a statement from his office said.

A year after the Federal Reserve kicked off its most aggressive interest-rate hiking cycle in decades, the US stock market is at a pivotal stage, with jittery investors needing soothing more than ever.

The Texas electric grid’s ability to provide enough summertime energy may hinge on whether renewable sources can meet growing demand that’s already sapped fossil fuel and nuclear power supplies.