First Citizens Bank buys $72 billion of SVB loans & deposits at a $16.5 billion discount
Another $90 billion in other assets from SVB will remain in the FDIC's control.
All Stories Tagged: SIVB
Federal Reserve, FDIC & U.S. Treasury announce plans to protect Silicon Valley Bank depositors
The joint effort in the creation of this backstop is to make depositors whole and is not a bailout for SVB or its shareholders.
Silicon Valley Bank (SIVB) closed by regulators, insured deposits to be protected by FDIC
As SVB has been closed and its deposits have been taken over, the Federal Deposit Insurance Corp. has announced that insured depositors will have access by Monday.
SVB Financial (SIVB) stock crashes another 60% as bank seeks sale following failed capital raise
Silicon Valley Bank's stock has been in a tailspin since the group announced it would be seeking to raise billions in capital to cover losses.
SVB Financial (SIVB) stock crashes 50% as tech investment bank seeks to raise more cash
The tech-focused bank announced a plan to raise over $2 billion in capital in an attempt to offset losses on bond sales.
