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The Latest Breaking News from Silicon Valley Bridge Bank

What is a bridge bank? Definition & examples

After a bank fails, it doesn’t just close up shop. In most cases, the moment a failed bank closes, its assets and liabilities are placed into state or federal receivership. If it’s an FDIC-insured bank, and most U.S. banks are (check the FDIC's BankFind tool to see if yours is),…

The Street

First Citizens to acquire collapsed Silicon Valley Bank

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.

AFP

SVB Collapse: FDIC Removed $2 Billion Cash From Parent Company

The FDIC seized $2 billion from Silicon Valley Bank's former parent company, SVB Financial who may be on the hook for the bank's collapse.

The Street

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First Citizens submits offer for all of failed SVB: Source

Separate bids for the commercial and private banks due this week

Axios

Who will bid for SVB?

The FDIC is still trying to sell the bank, which is having trouble finding a buyer.

Organisations

From analysis to the latest developments in health,
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Places

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