Tag: fdic
first citizens: First Citizens Bank to acquire SVB’s deposits, loans from FDIC
On Monday, the Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement for all deposits and loans of Silicon Valley Bridge Bank…
silicon valley bank: First Citizens in advanced talks to buy Silicon Valley Bank: Source
First Citizens BancShares Inc was in advanced talks to acquire Silicon Valley Bank , a person familiar with the matter told Reuters on Sunday. First…
svb: SVB resolution reassuring, will bring relief to startups: IT Minister Ashwini Vaishnaw
Amid US administration’s move to protect depositors of Silicon Valley Bank, IT Minister Ashwini Vaishnaw on Monday said that the SVB resolution is “reassuring” and…
fdic: FDIC transfers all Silicon Valley Bank deposits to new bridge bank
To protect all depositors of Silicon Valley Bank, the US Federal Deposit Insurance Corporation (FDIC) today transferred all deposits—both insured and uninsured—and a substantial part…
Biden: SVB solution ensures taxpayer dollars are not put at risk: President Biden
WASHINGTON: US President Joe Biden has assured the American people and businesses that a resolution of the collapse of the Silicon Valley Bank will not…
silicon valley bank: Silicon Valley Bank collapse: More than 400 VC funds issue statement supporting SVB
More than 400 venture capital firms have issued a joint statement in support of the recently collapsed California-based Silicon Valley Bank (SVB), a major lender…
fdic: FDIC auction for failed SVB underway, final bids due Sunday
The Federal Deposit Insurance Corp. kicked off an auction process late Saturday for Silicon Valley Bank, with final bids due by Sunday afternoon, according to…