US BACKSTOPS SILICON VALLEY BANK SALE TO FIRST CITIZENS
- NEWS Desk Global
- Mar 27, 2023
- 1 min read
U.S. regulators said on Monday they would backstop a deal for regional lender First Citizens BancShares (FCNCA.O) to acquire failed Silicon Valley Bank, triggering an estimated $20 billion hit to a government-run insurance fund.
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