FDIC says First Citizens will acquire much of Silicon Valley Bank, whose collapse has rattled the banking industry

Por: ABC News Business March 27, 2023

NEW YORK -- FDIC says First Citizens will acquire much of Silicon Valley Bank, whose collapse has rattled the banking industry.... + full article

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FDIC says First Citizens Bank has reached deal to purchase Silicon Valley Bank

Fox Business USA Business March 27, 2023

Independent Institute senior fellow Judy Shelton reacts to the banking failure and gives her take on the Fed's rate hikes on 'Making Money.' The Silicon Valley Bank finally has a buyer. On Sunday, the Federal Deposit Insurance Corporation (FDIC) announced of... + más

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Silicon Valley Bank sold to First Citizens in government-backed deal

The Boston Globe USA Business March 27, 2023

First Citizens BancShares, a family-run bank in North Carolina that traces its history to the late 1800s, said on Sunday that it would acquire Silicon Valley Bank, the California lender founded in the 1980s at the center of the technology industry, whose rapid growth and sudden... + más

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Silicon Valley Bank Has Found Its New Owner

The Daily Beast USA Nation March 27, 2023

Silicon Valley Bank has a new owner. The Federal Deposit Insurance Corporation (FDIC), which currently controls the institution and its assets, announced in a Monday morning that it had “entered into a purchase and assumption agreement for all deposits and loans of Silicon... + más

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What the FDIC does when a bank fails

CBS News USA Politics March 20, 2023

In recent years, bank failures have become rare. Prior to failing earlier this month, the last time the Federal Deposit Insurance Corp. (FDIC) took over a financial institution was in October 2020. But the failures of Silicon Valley Bank and Signature Bank are a reminder of the... + más

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The FDIC and your bank deposits: What to know

Fox Business USA Business March 15, 2023

Fisher Investments founder Ken Fisher discusses the fallout from Silicon Valley Bank's sudden collapse on 'Varney & Co.' The collapse of Silicon Valley Bank reminded investors and banking customers about what's insured by the Federal Deposit Insurance... + más

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MarketWatch USA Business March 12, 2023

As clients seek to recoup money saved at the bank, the FDIC must wrestle with the second-largest bank failure by assets in its history—and the largest since the 2008-2009 financial crisis. Will companies and individuals get their deposits back in whole? It depends on where... + más

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MarketWatch USA Business March 12, 2023

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