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First Citizens BancShares plans to buy SVB, writes Bloomberg
First Citizens BancShares considering takeover of SVB, writes Bloomberg – RIA Novosti, 03/19/2023
First Citizens BancShares plans to buy SVB, writes Bloomberg
First Citizens BancShares considering takeover bid for bankrupt Silicon Valley Bank (SVB), Bloomberg reports with reference to RIA Novosti, 03/19/2023
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MOSCOW, March 19 – RIA Novosti. First Citizens BancShares is considering a takeover bid for failed Silicon Valley Bank (SVB), Bloomberg reports citing sources. “First Citizens BancShares Inc. is considering an offer to (buy) Silicon Valley Bank,” the agency said, citing sources. In March, California regulators shut down Silicon Valley Bank, the largest U.S. bank failure since the 2008 financial crisis. The SVB collapse was found to be associated with a Fed rate hike, which led to the impairment of assets on the balance sheets of many financial institutions. US authorities have announced support measures. Additionally, the closure of crypto-focused bank Silvergate and similar New York-based Signature Bank has been announced. In Europe, one of Switzerland’s largest banks, Credit Suisse, has run into trouble.
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First Citizens BancShares plans to buy SVB, writes Bloomberg