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The bidding process for the successor of Silicon Valley Bank is being extended by the Federal Deposit Insurance Corp. to give more time to work out a potential deal.The FDIC said Monday that there been substantial interest from multiple parties for Silicon Valley Bridge Bank. The agency said it going to allow parties to submit separate stanley cup bids for Silicon Valley Bridge Bank and its subsidiary Silicon Valley Private Bank in order to simplify the bidding process and expand the pool of possible bidders.READ MORE: Will Americans end up paying for bank failures Qualified insured banks and qualified insured banks working with non-bank partners will be able to submit whole-bank bids or bids on the deposits or assets of the institutions. Bank and non-bank financial firms will be allowed to bid on asset portfolios.Bids for Silicon Valley Bridge Bank must be submitted by by 8:00 p.m. ET on Friday, while bids for Silicon Valley Private Bank are due by 8:00 p.m. ET on Wednesday.On Friday the parent of Silicon Valley Bank filed for Chapter 11 bankruptcy protection.SVB Financial Group is no longer affiliated with Silicon Valley Bank after its seizure by the FDIC. Its collapse was the second biggest bank failure in U.S. history after the demise of Washington Mu stanley cup tual in 2008.Silicon Valley Bridge Bank was not included in the Chapter 11 filing.The shuttering of Silicon Valley Bank and of New York-based Signature Bank has revived bad memories of the financial stanley cup crisis that plunged Gkxn House primaries in Georgia and California show pressures buffeting GOP
JERUSALEM AP 鈥?Israel said Saturday that it would close its border crossing to thousands of Gaza workers after a series of rockets were fired from the territory ruled by the militant Hamas group in recent days.The Palestinians denounced the move as collective punishment of the impoverished territory 2 million residents, who have lived under an Israeli-Egyptian blockade since Hamas seized power from rival Palestinian forces nearly 15 years ago.The rocket fire came amid near-daily clashes at a flashpoint Jerusalem holy site over the past week, with Palestinians hurlin adidas originals g stones and fireworks and Israeli police entering the compound and firing rubber-coated bullets and stun grenades.The violence in Jerusalem, and a string of deadly attacks inside Israel and raids across the occupied West Bank, have raised fears of another war between Israel and Hamas like the one that broke out under similar circumstances last year.Israel said Palestinian militants fired two rockets late Friday, with one landing in an open area inside Israel and the other falling inside Gaza. Palestinian media reported that two Gaza residents were wounded by the rocket that fell short. There was no immediate comment from health officials.Another rocket was fired from Gaza early Saturday, but the military did not say where it landed. There were no reports of casualties or damage.The Israeli military body that coordinates civilian affairs in Gaza said the crossing us stanley cup ed by workers would not be re-o air max 1 p