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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