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First Citizens Bank reaches deal to purchase Silicon Valley Bank

First Citizens Bank reaches deal to purchase Silicon Valley Bank

Depositors of the Santa Clara, California-located bank will automatically become depositors of First Citizens Bank & Trust Company, according to the statement, and all deposits will be assumed and insured by First Citizens Bank & Trust Company, up to the insurance limit, Fox Business reported

27 March 2023 9:45 AM GMT

Gold prices mark a jump to one-year high amid worries over banking sector

Gold prices mark a jump to one-year high amid worries over banking...

20 March 2023 10:21 AM GMT

Conducting business as usual: New SVB CEO sends email to clients

Conducting business as usual: New SVB CEO sends email to clients

Mayopoulos, who joined the bank as CEO on Monday, said that new deposits, as well as existing ones, are protected by the...

14 March 2023 11:30 AM GMT

Silicon Valley Bank CEO sold $3.5m in shares just two weeks before collapse

Silicon Valley Bank CEO sold $3.5m in shares just two weeks before collapse

The firm was abruptly shut down Friday by the California Department of Financial Protection and Innovation due to...

12 March 2023 6:15 AM GMT