First Citizens Bank Announces Layoffs after Acquiring Silicon Valley Bank
In an unexpected turn of events, Raleigh, North Carolina-based First Citizens Bank announced layoffs as a result of...
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Silicon Valley Bank’s Shake-Up Can a Turnaround Expert Steer the Ship?
The recent resignation of the CEO and CFO of Silicon Valley Bank (SVB) has sent shockwaves through the...
Lawmakers seek details on unusually close ties of failed bank with tech clients
On Friday, the 10th of March, Silicon Valley Bank based in Santa Clara, California collapsed, making it the...
Valley National is vying to buy SVB: Bloomberg "On market rumours or speculation," First Citizens declined to provide further details.
According to persons having knowledge of the matter, Valley National Bancorp and First Citizens BancShares Inc. are vying...
The Hidden Risk in U.S. Banks’ Balance Sheets: $1.7 Trillion in Unrealized Losses
The recent failures of Silicon Valley Bank and Credit Suisse have raised concerns about the stability of the...
Bank giants like JP Morgan, Citi warn staff not to call clients from collapsed banks Bank of America Corp started alerting employees, noting "Do not make it worse".
After several customers began withdrawing their money, giant banking organizations including JP Morgan Chase & Co, Citigroup Inc,...
Credit Suisse is being sued by US shareholders for its troubled finances and controls.
The Credit Suisse Group AG’s US stockholders have supposedly tried to sue the disturbed financial institution, Credit Suisse,...
HSBC puts £2 bn into SVB UK, vows ‘more cash’ On Monday, HSBC revealed it was going to acquire Silicon Valley Bank's UK subsidiary for one pound.
HSBC put roughly £2 billion into the United Kingdom branch of bankrupt United States-based Silicon Valley Bank –...
SVB claims Goldman Sachs purchased the portfolio on which it took losses.
SVB Financial Group disclosed on Tuesday that the Goldman Sachs Group Corporation bought a bond holdings that resulted...
Indian startups withdrew $300m from SVB: Report Fresh startup businesses had put in the bank cash up to $2-3 million in the bank.
Indian startups have been capable of transferring funds worth $250-300 million in the last 24 hours after the...