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Stock futures higher as bank stocks rebound; Week Ahead: inflation data in focus as Fed rate bets fade; First Citizens agrees to buy Silicon Valley bank loans, deposits; U.S. bank stocks higher, but deposit outflows quicken and Israel protests deepen pressure on Prime Minister Netanyahu.

FAILED tech lender Silicon Valley Bank was taken over today by First Citizens in a deal that will cost about $20 billion but offered hope that the crisis of confidence in the global banking system could be easing.

First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shockwaves around the world.

New York (AFP) - First Citizens Bank will acquire significant holdings of fallen lender Silicon Valley Bank, a US banking agency announced late Sunday, as regulators seek to contain an industry crisis.

Collapse of tech sector lender will cost about $20bn in deposit insurance payouts, say US regulators

Shares in First Citizens Bank surge 45% as it agrees to buy much of Silicon Valley Bank, while Saudi National Bank’s Ammar Alkhudairy resigns

SVB’s purchase gives markets some respite amid growing concerns over financial health of global banking system.

The Federal Deposit Insurance Corp. says it has agreed on the sale of troubled Silicon Valley Bank to North Carolina-based First-Citizens Bank & Trust Co. The sale involves the sale of all deposits and loans of SVB to First-Citizens

This is a step toward stabilizing America's regional banking sector, after a month of tumult.

Yes, there were some scary moments, it was poorly regulated and your bank failed to protect your money – but you got it back

Growing concerns about the safety of bank deposits have prompted investors to approach community and regional banks with caution