Silicon Valley Bank Update
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Silicon Valley Bank collapse: First Citizens to buy financial institutionThe 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.U.S. NewsMar 27, 2023
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Silicon Valley Bank: Parent company faces class action lawsuit over lender’s collapseThe collapse of Silicon Valley Bank has shaken the technology industry and worried small businesses and individuals with deposits at the financial institution.U.S. NewsMar 14, 2023
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Silicon Valley Bank collapse: U.S. bank stocks rally despite contagion fearsA furious race to reprice interest rate expectations also buffeted markets as investors bet the U.S. Federal Reserve will be reluctant to hike next week.EconomyMar 14, 2023
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