With hours to go before the trading day begins in Asia, top U.S. regulators have mulled guaranteeing all deposits at Silicon Valley Bank to prevent broader panic in the global financial sector, the Washington Post reported late Sunday.

Among the Federal Reserve, U.S. Treasury, FDIC, and White House, an outright buyer for the failed bank is the best-case scenario. “Most bank failures are resolved that way and enable depositors to avoid losing any money,” according to the Post. The FDIC reportedly launched an auction for SVB assets yesterday, with final bids due at 2 p.m. EST.

That leaves them fewer than six hours before the trading markets open in Shanghai and Tokyo, where the global impact of the bank’s failure late last week will become clear.

One of the options on the table includes providing a “backstop” for all uninsured deposits at Silicon Valley Bank, the Post reported, quoting an anonymous source as saying that federal officials are mulling a “legal and politically justifiable way to protect all uninsured deposits.”

Such a move would not technically be a bailout—something Treasury S

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Author: Ryan Ozawa

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