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Failed Silicon Valley Bank bought by First Citizens
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fnlondon.comFirst Citizens, one of the nation’s largest regional banks, is buying big pieces of Silicon Valley Bank more than two weeks after the lender’s collapse sent tremors through the banking system.
The Federal Deposit Insurance Corporation said First Citizens is acquiring all of Silicon Valley Bank’s deposits, loans and branches, which will open the morning of 27 March under the new ownership.
Read more on fnlondon.comAbout this in other media
Breaking: First Citizens snaps up Silicon Valley Bank — Branches open Monday cointelegraph.com /1 year ago
Millions paid in bonuses to UK Silicon Valley Bank staff days after £1 rescue theguardian.com /1 year ago
Silicon Valley Bank said it was too small to need regulation. Now it’s ‘too big to fail’ theguardian.com /1 year ago
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