First-Citizens Bank & Trust Company has reached an agreement for the acquisition of all the deposits and loans of Silicon Valley Bridge Bank, the entity created by the Federal Deposit Insurance Corporation (FDIC) of the United States, after the intervention of the Silicon Valley Bank (SVB) on…
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SVB
US Federal Reserve admits surprise at Silicon Valley Bank collapse
The US Federal Reserve admitted its surprise at the sudden collapse of Silicon Valley Bank, which was under its watch.
Fed Chairman Jerome Powell told a news conference after the Federal Open Market Committee meeting that he immediately…
ECB coordinates with central banks of the world liquidity of dollars until April
The most recent banking crisis has led the European Central Bank to coordinate a plan that guarantees dollar liquidity, for now, until the end of April.
The ECB is working with the Fed, the central banks of England, Canada and Japan, as…
Sharon Stone claims she lost half her fortune to SVB bankruptcy
The bankruptcy of Silicon Valley Bank affects not only empires in the technology sector. Actress Sharon Stone claimed at a charity event on Thursday that half of her fortune was trapped in SVB.
During a fundraiser for cancer and HIV…
Biden assures that the US banking system is safe
US President Joe Biden sent a reassuring message to the country's population about the safety of the US banking system. In a brief speech to the media, the president stressed that customer deposits at Silicon Valley Bank and Signature Bank…
US government intervenes in Silicon Valley Bank
The Federal Deposit Insurance Corporation (CFSD) intervened this Friday in Silicon Valley Bank (SVB), a financial institution that concentrates a large number of clients among technological 'startups'.
Customer withdrawals due to rumors…