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First Citizens

Banking & Finance

HSBC gains edge against US$1 billion SVB banker-poaching suit

2024-07-10T22:27:23.000Z
The lawsuit says First Citizens also considered the SVB group identified by Sabow to be key leaders, anticipating that they would be part of an acquisition transition team.
Companies & Markets

First Citizens sues HSBC for stealing SVB staff, secrets

2023-05-22T23:16:48.000Z
The withdrawals have been attributed to pent-up demand during the period in which the Federal Deposit Insurance Corp took SVB into receivership.
Banking & Finance

SVB still seeing outflows after First Citizens takeover

2023-04-23T08:49:48.000Z
US regulators said on Monday they would backstop the deal for First Citizens to buy Silicon Valley Bank, triggering an estimated US$20 billion hit to a government-run insurance fund.
Companies & Markets

FDIC exercises US$500 million in First Citizens stock to close SVB deal

2023-03-31T12:23:35.000Z
The bank failures come as S&P 500 companies are headed for their second straight decline in year-over-year quarterly earnings.
Banking & Finance

For battered US bank shares, earnings may make or break

2023-03-28T13:15:46.000Z
The sudden collapse of tech-focussed Silicon Valley Bank earlier this month destabilised the banking sector and drew some of Europe’s biggest banking names into investors’ focus.
Companies & Markets

SVB deal helps to steady banks amid credit crunch concerns

2023-03-27T08:35:25.000Z
The pan-European STOXX 600 index rose 1.3 per cent by 0705 GMT, with investors drawing comfort from news that First Citizens BancShares would acquire Silicon Valley Bank’s deposits and loans.
Companies & Markets

European stocks rebound as banking jitters ease

2023-03-27T07:36:53.000Z
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