Post #1254502: SILICON VALLEY BANK HAS A BUYER: FIRST CITIZENS!…
SILICON VALLEY BANK HAS A BUYER: FIRST CITIZENS!  They're taking over all deposits and loans (though not $90B in securities & other assets). Branches of SVB will open as First Citizens on Monday.  The FDIC estimates the failure of SVB will cost tthe deposit insurance fund $20B

SILICON VALLEY BANK HAS A BUYER: FIRST CITIZENS! They're taking over all deposits and loans (though not $90B in securities & other assets). Branches of SVB will open as First Citizens on Monday. The FDIC estimates the failure of SVB will cost tthe deposit insurance fund $20B

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