terminator 1, and terminator 2, not like we haven t seen this before. the sector is valued at 72 billion this year, projected to be 275 billion and from there up to trillions. this easily can get beyond human control and irony is we as human are incentivizing it and can profit off ai, growing industry with zero regulation and elon musk i believe is somebody we should listen to and will listen tonight on tucker probably 4 million will tune in to watch this, because this is important topic provided by a source in elon musk who has much success
held in svb accounts. first citizens is buying loans worth $72 billion at a $16.5 billion discount. it offers some relief to those concerned about the stability of the banking sector, particularly in the us. i think it will certainly reassure depositors, which is perhaps the most important thing of all that is now a safe home for their capital. i guess stock markets may view it slightly more concerned given the very, very low price which first citizens is paid to get hold of the assets in the loan book. and i mean, america s, you know, 14th or 16th biggest bank has really been bought for a very big discount to the stated accounting value of its assets. so that will remain a concern
into a breach bank not so long ago. the assets and loans will be bought by first citizens bank. so if you were part of silicon valley bank, you re waking up this morning and it s called first citizens bank. it s $190 billion as of march 10 and assets will be split and put into receiver ship for some of those who are taking their money out. 17 former branches effectively will now be taken over fully. citizen s bank being one of the biggest regional banks in the united states as well. a big purchase. two weeks of work certainly culminating in this sale. it may be bringing some stability, but will it be the end of the banking saga? for now this is certainly a positive move. we ll be keeping an eye on that in the days ahead. france has been utterly roiled by president macron s to push for upping the rye retirement age.
is ashley: back with a fox business alert. silicon valley bank has a buyer, first citizen bank making deal to acquire svb for 72 billion three weeks after its collapse. todd: cheryl casone has more. cheryl: 72 billion and here is what this is, deposit loans at all branches of silicon valley bank. 119 billion in deposits, customer accounts, we talk about that, that matters, the deposits, as well. 119 billion and 72 billion of loans. what is troubling about this banking crisis globally, if we were thinking we might be going into recession, pretty sure this will take us into recession in this country and globally, as well. at this point, silicon valley bank is no longer with us.