SVB
Business
First Citizens Bank to Buy Silicon Valley Bank Deposits and Loans
First Citizens Bank & Trust Co will buy Silicon Valley Bank’s deposits and loans, the U.S. Federal Deposit Insurance Corporation said Monday, potentially calming markets after the biggest U.S. banking collapse since Lehman Brothers.
The deal includes purchasing approximately $72...
Economy
Biden Promises Stricter Banking Regulations After SV Bank Collapse
On Monday, United States President Joe Biden sought to reassure Americans that the banking system is "safe" following the collapse of Silicon Valley Bank (SVB).
The president also promised to introduce new banking regulations and made further assurances to United...
Business
The US Says Money in Failed Silicon Valley Bank is Safe
The US government has said that people and businesses who have money deposited with failed US bank Silicon Valley Bank (SVB) will be able to access all their cash from Monday.
A statement from the US Treasury, the Federal Reserve...