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The sale of Silicon Valley Bank announced late Sunday involves the sale of all deposits and loans of SVB to First-Citizens Bank and Trust Co., the FDIC said. ....
The sale of Silicon Valley Bank announced late Sunday involves the sale of all deposits and loans of SVB to First-Citizens Bank and Trust Co., the FDIC said. ....
After the Silicon Valley Bank debacle, First Republic came under scrutiny for uninsured deposits. Its shares fell, as it scrambled to reassure customers it can avoid the same fate. Now, 11 of the biggest US banks have announced a $30 billion rescue package to prop it up and stave off a bigger crisis ....