According to sources familiar with the matter, the U.S. Federal Deposit Insurance Corporation (FDIC) plans to restart the sale process for Silicon Valley Bank (SIVB.US), after the bank failed to attract buyers in a recent auction. U.S. regulators are seeking to split up this failed bank. One of the options being considered by U.S. regulators is to sell the private banking business of Silicon Valley Bank, with bids due by Wednesday, the sources said. This private banking business falls under the retail arm of Silicon Valley Bank and mainly serves high-net-worth individuals. The FDIC will invite buyers to bid for the bank's savings banking operations in another auction process on Friday, which is also part of its retail business and includes all its consumer deposits, the sources noted, adding that plans could change. The FDIC did not immediately respond to media requests for comment. Bids for the entire equity of Silicon Valley Bank expired on Sunday. The FDIC is responsible for deposit insurance and managing failed banks. Earlier reports said the FDIC was considering holding securities of Signature Bank (SBNY.US) and Silicon Valley Bank that had fallen below their purchase prices, a move that would eliminate one of the hurdles facing the sale of the two banks. This also marks a major shift in the agency's stance, as it explicitly ruled out any such arrangements when its previous attempt to auction Silicon Valley Bank failed. Reports said the relevant asset size of Signature Bank could be between $20 billion and $50 billion, while that of Silicon Valley Bank could be between $60 billion and $120 billion. Both Silicon Valley Bank and Signature Bank invested in bonds when interest rates were low, but the value of these bonds plummeted as the Federal Reserve raised interest rates multiple times over the past year to combat soaring inflation. © 2021 Meishun (Hong Kong) Management Consulting Co., Ltd. and Meishun (Hangzhou) Management Consulting Co., Ltd. All rights reserved. Meishun Meiyin (Hangzhou) Consulting & Management Co., Ltd. is a domestic subsidiary of Hong Kong Meishun Management Consulting Co., Ltd. under the same controlling owner. Both companies share the same controlling owner, are managed under the same Chinese governance framework, and comply with the laws of Hong Kong and mainland China.