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SVB acquired by U.S. First Citizens Bank with the help of the regulator

Summary by NRC Handelsblad
Earlier this month, the FDIC took over all of SVB's assets and loans, which are now being transferred to First Citizens. That costs the FDIC, in its own estimation, around $20 billion.

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50% Right
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NRC Handelsblad broke the news in Netherlands on Monday, March 27, 2023.
Sources are mostly out of (0)