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First Citizens Bank to buy SVB's deposits, loans from FDIC

First Citizens Bank to buy SVB's deposits, loans from FDIC

https://foxdeo.com/NhBe.tnk

Mar 27, 2023 06:01 AM |

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U.S. regulators said they would backstop a deal for regional lender First Citizens to acquire failed Silicon Valley Bank, triggering an estimated $20 billion hit to a government-run insurance fund