The Business Times
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First Citizens

Banking & Finance

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

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

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

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

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

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

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

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