First Citizens Bank – DIGIT INFO

Former Treasury Official Issues Dire Warning, Bill Ackman Fears Economic ‘Train Wreck,’ US Gov. Remains Top BTC Holder, and More — Week in Review

DIGIT — Sun, 02 Apr 2023 13:04:58 +0000

Warnings continue to pervade market and financial news this week, with Monica Crowley, former assistant secretary for public affairs for the U.S. Department of the Treasury, indicating “catastrophic” consequences if the U.S. dollar loses its status as the world’s reserve currency. In related news, billionaire Bill Ackman warned that the U.S. economy is “heading for […]

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First Citizens Bank Acquires Silicon Valley Bank, Costing FDIC Deposit Insurance Fund an Estimated $20B

DIGIT — Mon, 27 Mar 2023 20:30:05 +0000

According to the Federal Deposit Insurance Corporation (FDIC), the troubled bank Silicon Valley Bank (SVB) was acquired by First Citizens Bank & Trust Company, which is based in Raleigh, North Carolina. First Citizens acquired all deposits and loans from SVB, as well as the 17 branches that SVB owned across the United States. Silicon Valley […]

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Breaking: First Citizens snaps up Silicon Valley Bank — Branches open Monday

DIGIT — Mon, 27 Mar 2023 05:49:57 +0000

The deal was announced on March 26 by the Federal Deposit Insurance Corporation (FDIC).

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