.jpg?w=780&resize=780,470&ssl=1 "BlackRock will sell the property of failing banks")
BlackRock will sell the property of failing banks
In the USA, the banking authority chose BlackRock to sell the securities of the failed Silicon Valley Bank and Signature Bank.
BlackRock will sell the securities of Silicon Valley Bank and Signature Bank, which sank in the USA and caused global concerns.
The US banking authority announced that the securities of Silicon Valley Bank of $ 87 billion and $ 27 billion of Signature Bank will be sold.
114 BILLION DOLLARS WILL AMOUNT
Securities subject to sale will total $114 billion and will consist of mortgage-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities.
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BlackRock has been selected by the US banking authority to sell the securities of faltering banks Silicon Valley Bank and Signature Bank. The securities, which have a total value of $114bn, will include mortgage-backed securities, collateralised mortgage obligations, and commercial mortgage-backed securities.
