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SVB Bonds the US Says Will Be ‘Wiped Out’ Gain in Rare Session
(Bloomberg) -- As US government officials pledged to fully protect all depositors of the failed Silicon Valley Bank, they had a specific message for investors in the bonds and shares of the bank’s holding company.Most Read from BloombergFDIC Auction for Failed SVB Underway, Final Bids Due SundayUS Discusses Fund to Backstop Deposits If More Banks FailUS Plans Emergency Measures to Backstop Banks After SVBSignature Seized by Regulators as Pain Spreads From SVB’s FallUS Backstops Bank Deposits to