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First Citizens has agreed to buy Silicon Valley Bank, which has seen financial stocks somewhat recover this morning.First Citizens has a history of buying failed banks. It will be buying $72bn of SVB assets and all of the deposits and loans that were transferred to a bridge bank after SVB's collapse.
First Citizens has agreed to buy Silicon Valley Bank, which has seen financial stocks somewhat recover this morning.
First Citizens has a history of buying failed banks. It will be buying $72bn of SVB assets and all of the deposits and loans that were transferred to a bridge bank after SVB's collapse.
