Josephpolitano - SILICON VALLEY BANK HAS A BUYER: FIRST CITIZENS! They're taking over | Foxdeo - We pay for your posts
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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