Tag: SVB bankruptcy

Here you will find all the articles with the tag: SVB bankruptcy.

First Citizens to acquire Silicon Valley Bank

First Citizens to acquire Silicon Valley Bank

First Citizens Bank will acquire the Silicon Valley Bank and get control of $56 billion in deposits and $72 billion in loans. This week the US's Federal Deposit Insurance Corporation (FDIC) announced that First-Citizens Bank and Trust Co. will buy Silicon Valley Bank, the tech industry-focused ... Read more

date1 year ago
Silicon Valley Bank’s parent company files for Chapter 11 in NY

Silicon Valley Bank’s parent company files for Chapter 11 in NY

The company operated Silicon Valley Bank until financial regulators closed the latter company last Friday. Clients’ deposits were moved to a new entity on Monday. The new entity, Silicon Valley Bridge Bank, is operated by the Federal Deposit Insurance Corporation. SVB Financial Group continu... Read more

date1 year ago

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