Por: The New York Times Business March 28, 2023
First Citizens BancShares will acquire Silicon Valley Bank, the California lender whose sent shock waves across the financial sector.The Federal Deposit Insurance Corporation seized control of Silicon Valley Bank on March 10, after a run on deposits had left it insolvent. The F.D.I.C., which late Sunday, has since been looking for a buyer for the bank, either in its entirety or in pieces.Silicon Valley Bank was the country’s 16th-largest bank... + full article
The Hill USA Politics March 28, 2023
First Citizens Bank & Trust Company will acquire Silicon Valley Bank, which unexpectedly failed earlier this month and rocked the U.S. financial landscape. The North Carolina-based First Citizens on Monday an agreement with the Federal Deposit Insurance Company (FDIC) to acquire... + más
Silicon Valley Bank Has Found Its New Owner | The Daily Beast
How Jerome Powell Killed Silicon Valley Bank | Forbes
Fox Business USA Business March 27, 2023
Shark Tank star Kevin OLeary explains the success behind North Dakotas public banks and the impact of the SVB collapse on regional banks. could soon be acquired through an auction by First Citizens Bank with a deal being announced as early as Sunday, according to reports. First... + más
Why Deposit Insurance Didn’t Help Silicon Valley Bank | Forbes
Forbes USA Business March 27, 2023
Updated Mar 27, 2023, 04:51am EDTTopline First Citizens Bank it has agreed to acquire Silicon Valley Bank and assume control of all its deposits and loans, weeks after the lender’s historical collapse and after the Federal Deposit Insurance Corporation failed to find a buyer... + más
Silicon Valley Bank sold to First Citizens in government-backed deal | The Boston Globe
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
What the FDIC does when a bank fails | CBS News
The FDIC and your bank deposits: What to know | Fox Business
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
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
Can the chaos from Silicon Valley Bank's fall be contained? | ABC News
Forbes USA Business March 11, 2023
Ok. For the record, I like Jerome Powell. He may have underestimated inflation, but so did a lot of people. Rather, I want to talk about how rising interest rates crippled Silicon Valley Bank — and how this might affect other banks, as well as your portfolio. What happened to... + más
More than half of Silicon Valley residents want to leave: ‘The mood is darkening’ | New York Post
A major bank failed. Here’s why it’s not 2008 again | ABC News
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