First Citizens acquires failed Silicon Valley Bank

First Citizens has agreed to buy Silicon Valley Bank, the California lender that served as lifeblood to thousands of startups before its collapse sent shockwaves through the financial sector, the U.S. Federal Deposit Insurance Corporation said on Monday. The failure of Silicon Valley Bank is estimated to incur a loss of about $20 billion to…

First Citizens to acquire failed Silicon Valley Bank

First Citizens BankShares has agreed to buy Silicon Valley Bank, the California lender that served as lifeblood of thousands of startups before its collapse sent shockwaves through the financial sector, the U.S. Federal Deposit Insurance Corporation said on Monday. The failure of Silicon Valley Bank is estimated to incur a loss of about $20 billion…

First Citizens to acquire failed Silicon Valley Bank

First Citizens BankShares has agreed to buy Silicon Valley Bank, the California lender that served as lifeblood of thousands of startups before its collapse sent shockwaves through the financial sector, the U.S. Federal Deposit Insurance Corporation said on Monday. The failure of Silicon Valley Bank is estimated to incur a loss of about $20 billion…

First Citizens to acquire failed Silicon Valley Bank

First Citizens BankShares has agreed to buy Silicon Valley Bank, the California lender that served as lifeblood of thousands of startups before its collapse sent shockwaves through the financial sector, the U.S. Federal Deposit Insurance Corporation said on Monday. The failure of Silicon Valley Bank is estimated to incur a loss of about $20 billion…