First Citizens has acquired failed bank Silicon Valley and will open former SVB branches today as First Citizens Bank and Trust Company.
According to the Federal Deposit and Insurance Corporation, First Citizens Bank is set to acquire the embattled state-chartered...
The collapse of Silicon Valley Bank is unprecedented and the reverberations in the broader tech and financial ecosystem are notably very resounding.
Silicon Valley Bank (SVB), dubbed as the biggest bank failure since the 2008 financial crisis has...
HSBC’s announcement came at a time the United States government announced a $25 billion bailout of struggling Silicon Valley Bank and Signature Bank to avoid a further banking crisis.
In a stunning turn of events, HSBC Holdings Plc...
According to Bank of London co-founder and CEO Anthony Watson in a statement, the acquisition of Silicon Valley Bank SVB’s assets could be a unique opportunity to grow the banking sector in the United Kingdom.
The defunct Silicon Valley...
While many are concerned about what the aftermath of the collapse of Silicon Valley Bank will be in the next couple of weeks and months, Treasury Sec Janet Yellen seems unfazed.
United States Treasury Secretary Janet Yellen has confirmed...
