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1 min read

First Citizens Bank reaches deal to purchase deposits, loans of Silicon Valley Bank

"Customers of Silicon Valley Bridge Bank, National Association, should continue to use their curren…

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1 min read

HSBC acquires UK arm of Silicon Valley Bank for £1

HSBC says that the transaction "completes immediately" and will be funded from existing resources. …

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5 mins read

Sensex, Nifty50 tumble amid a sharp rise in volatility: Bank, auto stocks drag markets down

India’s benchmark indices Sensex and Nifty50 are likely to open on a tepid note on Monday amid conc…

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4 mins read

SVB is the first social media bank run in history. The crisis will change the banking industry forever.

"The whole system needs to be looked at differently," a former federal regulator told Insider on Mo…

Kali Hays   


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2 mins read

First Citizens Bank, the buyer of SVB's assets, is run by a billionaire North Carolina family that's bought over 20 failed banks since 2008

The Holding Family seized an opportunity to expand its First Citizens' banking empire through the s…

Carla Mozée   


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2 mins read

Some Silicon Valley Bank customers are selling their deposits at big discounts to raise cash quickly, reports say

Some startups that banked with SVB are being offered as little as 55 cents on the dollar to sell th…

Ryan Hogg   


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4 mins read

Why Silicon Valley Bank failed

Wondering what happened at Silicon Valley Bank? SVB's recent actions are partly to blame, but the s…

Matt Turner   


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2 mins read

Why First Republic failed, and what it means for the rest of the banking industry

First Republic was taken over by regulators and is being bought by JPMorgan, protecting $92 billion…

Ryan Hogg   


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1 min read

UBS is now 'the world's safest bank' for depositors because Switzerland has made it too big to fail, analyst says

"The Swiss authorities have told everybody that this thing is too big to fail," TD Cowen's Jaret Se…

Filip De Mott   


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3 mins read

Lloyd Lee   


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1 min read

First Citizens buys Silicon Valley Bank

The deal includes the purchase of about $72 billion of Silicon Valley Bridget Bank assets at a disc…

Huileng Tan   


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2 mins read

Jamie Dimon says JPMorgan rescued First Republic because the government asked his bank 'to step up, and we did'

The CEO of America's biggest bank said taking over First Republic's $92 billion of deposits and mos…

Ryan Hogg   


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2 mins read

Sensex, Nifty50 end slightly higher led by gains in RIL, Infosys, ITC

Sensex ended 126.76 points or 0.22% higher at 57,653 while Nifty50 gained 40.65 points or 0.24% at …

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4 mins read

The stock market is going to be trading flat as long as risk-free assets offer much more yield

The stock market doesn't have a lot going for it at the moment. Risk-free yields of around 5% aren'…

Max Adams   


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4 mins read

Goldman Sachs isn't getting a new private jet, but are there better places to cut costs on Wall Street?

Goldman Sachs isn't buying a third private jet since 2019. But there is still plenty of waste when …

Dan DeFrancesco   


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1 min read

Silicon Valley Bank's UK unit has been sold to HSBC for $1.21

The UK government and the Bank of England facilitated the private sale, UK Chancellor Jeremy Hunt s…

Huileng Tan   


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2 mins read

US stocks could end this year 14% higher because banking turmoil will trigger a Fed pause, veteran investor Ed Yardeni says

"This banking crisis is going to be very well-contained by both the Fed and the FDIC," Ed Yardeni t…

George Glover   


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3 mins read

Leaked Amazon memo shows plans to reduce employee stock awards in 2025

Leaked Amazon memos, AI tricking reporters, and the late Bob Lee in today's 10 Things in Tech.

Asia Martin   


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5 mins read

Balance-sheet blowup

Finanical firms are sitting on $640 billion in unrealized losses. But is that number really as bad …

Dan DeFrancesco   


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1 min read

Elon Musk says he's 'open to the idea' of buying Silicon Valley Bank, but a Tesla investor tells him 'no thanks'

One Tesla shareholder feared the Twitter and Tesla CEO might sell "another $20 billion worth of $Te…

Sam Tabahriti