Published 1 year ago

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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Le Point.fr

SVB acquired by First Citizens

The American banking group First Citizens has announced the purchase of “all deposits and loans” from Silicon Valley Bank, which has gone bankrupt.

1 year ago·Paris, France

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NRC Handelsblad

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

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.

1 year ago·Netherlands

Read Full Article

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