First Citizens in talks to acquire Silicon Valley Bank

SAN FRANCISCO, March 19 (BNA): First Citizens BancShares is evaluating an offer for a Silicon Valley bank, Bloomberg News reports, citing people familiar with the matter.

Reuters reports that at least one other applicant is seriously considering a failing lender

SVB and First Citizens did not immediately respond to a Reuters request for comment outside of business hours.

Reuters reported earlier this week that Federal Deposit Insurance Corp. had asked banks interested in acquiring Silicon Valley Bank and Signature Bank to submit offers by March 17.

The auctions came on the heels of the FDIC’s acquisitions of Silicon Valley Bank last Friday and Signature Bank on Sunday, as the collapse of midsize lenders in the United States rattled global financial markets on fears of a contagion.

This will be the FDIC’s second attempt to sell SVB after a failed attempt a week ago. The sources told Reuters that the FDIC has retained investment banker Piper Sandler Coss to run the new auction.


Source link

READ MORE  Longstanding GCC-Britain partnership highlighted

Leave a Comment

rekomendasi slot gacor slot terbaru sbobet88 agen slot dana slot online slot deposit pulsa tanpa potongan slot gacor anti rungkad data pengeluaran sdy result sydney slot gacor gampang menang slot 5000 judi bola situs slot hoki judi bola parlay situs judi slot judi bola slot gacor live draw slot deposit dana sabung ayam online slot gacor sbobet slot gacor hari ini sv388 bandar poker link slot paling gacor agen slot hoki deposit pulsa tanpa potongan mix parlay slot deposit pulsa slot pulsa slot gacor 2023 slot gacor 2023 bandar judi bola judi bola slot gacor slot gacor gampang maxwin link slot agen slot judi bola judi bola situs judi online slot gacor maxwin slot gacor slot88 slot terbaru