Silicon Valley Bank Shuts Down
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CNBC - Financial regulators closed Silicon Valley Bank and taken control of its deposits, the Federal Deposit Insurance Corp. announced this past Friday, in what is the largest U.S. bank failure since the global financial crisis more than a decade ago. The last U.S. bank failure of this size was Washington Mutual in 2008, which had $307 billion in assets. The collapse of SVB, a key player in the tech and venture capital community, continues to leave companies and wealthy individuals largely unsure of what will happen to their money.
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Silicon Valley Bank bought, all 17 branches will reopen under new name
North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shockwaves around the world. More: wltx.com/article/news/nation-world/first-citizens-acquires-svb/507-019088e8-9481-42d2-a295-5ce77d206373
How Silicon Valley Bank collapse impacts VC funding for startups and the racial equity gap
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Silicon Valley Bank's deposits and loans to be bought by First Citizens Bank
First Citizens Bank has reached a deal to buy Silicon Valley Bank after the California lender's stunning collapse earlier this month. CBS News' Tony Dokoupil and Lilia Luciano are joined by Wall Street Journal market reporter Hannah Miao with more.
First Citizens to buy Silicon Valley Bank l GMA
First Citizens Bank will buy about $72 billion in assets from the failed Silicon Valley Bank, the Federal Deposit Insurance Corporation said.
- First Citizen's Bank to buy all deposits and loans from failed Silicon Valley Bank link
- North Carolina-based bank agrees to buy parts of Silicon Valley Bank link
First Citizens Bank to buy Silicon Valley Bank deposits and loans
First Citizens Bank & Trust Co will buy Silicon Valley Bank’s deposits and loans, the U.S. Federal Deposit Insurance Corporation said Monday.