Economy
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Raleigh First-Citizens Bank & Trust Company, a subsidiary of Raleigh-headquartered First Citizens BancShares, Inc., announced on Monday that it has entered into an agreement with the Federal Deposit Insurance Corporation (FDIC) to purchase out of FDIC receivership substantially all loans and certain other assets, and assume all customer deposits and certain other liabilities of Silicon Valley Bridge Bank. more
HSBC Holdings acquires Silicon Valley Bank UK Limited for £1
New York: HSBC Holdings plc announces that its UK ring-fenced subsidiary, HSBC UK Bank plc, is acquiring Silicon Valley Bank UK Limited (SVB UK) for £1 (INR 99).
Signature Bank: After Silicon Valley Bank another US-based bank now collapses
Washington: Signature Bank, New York, NY, was closed on Sunday by the New York State Department of Financial Services, which appointed the Federal Deposit Insurance Corporation (FDIC) as ...
