First Citizens BancShares Inc. agreed to buy Silicon Valley Bank after a run on deposits wiped out the company in the biggest US bank failure in more than a decade.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
First Citizens Bancshares’ SVB deal calms market fearsThe institution bought all the loans and deposits and gave equity appreciation rights in its stock worth as much as $500m in return
Read more »
Global shares inch higher after bank deal soothes jittersFirst Citizens Bancshares says it will take the deposits and loans of failed Silicon Valley Bank
Read more »
First Citizens to acquire collapsed Silicon Valley BankUS bank First Citizens said it has agreed to purchase all loans and deposits from Silicon Valley Bank, whose collapse this month sparked global fears.
Read more »
First Citizens to acquire collapsed Silicon Valley BankUS bank First Citizens said it has agreed to purchase all loans and deposits from Silicon Valley Bank, whose collapse this month sparked global fears about the sector.
Read more »
First Citizens’ SVB deal helps steady banking sectorUS bank comes to the rescue and agrees to buy all the loans and deposits of failed lender
Read more »