The Federal Deposit Insurance Corporation, which announced the deal late Sunday, had been looking for a buyer since seizing control of the bank.
Category: Federal Deposit Insurance Corp
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First Citizens to Acquire Silicon Valley Bank
The New York Times – Business: -
Powell and Yellen Suggest Need to Review Regulations After Bank Failures
The New York Times – Business:Proposals for more scrutiny of the financial sector are meeting resistance from industry and Congress.
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Bank Crisis Could Cast Pall Over Commercial Real Estate Market
The New York Times – Business:The market hadn’t fully rebounded from the pandemic. Some worry that another slowdown could add to fears of a recession.
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Push to Insure Big Deposits Percolates on Capitol Hill
The New York Times – Business:The government only insures deposits of less than $250,000, but there is precedent for lifting that cap amid turmoil. It could happen again.
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Will the Fed Raise Interest Rates During a Banking Crisis?
The New York Times – Business:The central bank’s decision on interest rates on Wednesday is shaping up to be the most consequential of the Jerome Powell era.
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The Week in Business: A Banking Crisis
The New York Times – Business:Meta conducts another round of layoffs. Fresh inflation data shows price increases remain stubborn. And TikTok’s C.E.O. will testify before Congress this week.
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48 Hours Till Payroll, $200,000 to Go: Diary of a Bank Failure
The New York Times – Business:The collapse of Silicon Valley Bank set major financial disruptions in motion. It also made one founder’s week a scramble.
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Low Rates Were Meant to Last. Without Them, Finance Is In for a Rough Ride.
The New York Times – Business:Economists expected inflation and rates to stay low for years. With Silicon Valley Bank’s implosion, Wall Street is starting to reckon with how wrong that prediction has proved.
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Shards of Silicon Valley Bank Are for Sale, but No One Is Buying Yet
The New York Times – Business:Big rivals are thus far shying away from scooping up the bank’s assets.
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Silicon Valley Bank Collapse: A Timeline of the Panic
The New York Times – Business:Silicon Valley Bank’s collapse led to the failure of a second bank and prompted regulators to move to contain the fallout in the U.S. banking system.
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Silicon Valley Bank Collapse: A Timeline of the Panic
The New York Times – Business:Silicon Valley Bank’s collapse led to the failure of a second bank and prompted regulators to move to contain the fallout in the U.S. banking system.
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Meet the Man in Charge of What Remains of Silicon Valley Bank
The New York Times – Business:The F.D.I.C. named Tim Mayopoulos as chief executive of Silicon Valley Bridge Bank. His job is to keep calm and carry on.