The Latest Breaking News from FDIC

By taking every crisis suffered by others seriously, we can minimize our own crises

WASHINGTON — Could taxpayers wind up bailing out wealthy customers at banks such as Silicon Valley Bank, Signature Bank and others that are struggling?

Bank stocks rallied as First Citizens agreed to buy Silicon Valley Bank while officials mull more First Republic support. KeyCorp got an upgrade.

RALEIGH, N.C. — Raleigh’s First Citizens Bank is buying most of Silicon Valley Bank, the tech-focused financial institution which collapsed earlier this month.

The Dow Jones rose 250 points Monday, as First Citizens bought FDIC-controlled Silicon Valley Bank. First Republic Bank soared 30%

The eight-year social media executive will join the venture capital firm in May and invest in early-stage consumer companies.

Where is it landing?

Lawmakers from both parties are open to executive compensation clawback legislation after the failure of SVB and Signature Bank.

Regional bank stocks are moving higher Monday following a late-night agreement by First Citizens to buy the assets of failed lender Silicon Valley Bank.

Stock futures higher as bank stocks rebound; Week Ahead: inflation data in focus as Fed rate bets fade; First Citizens agrees to buy Silicon Valley bank loans, deposits; U.S. bank stocks higher, but deposit outflows quicken and Israel protests deepen pressure on Prime Minister Netanyahu.

FAILED tech lender Silicon Valley Bank was taken over today by First Citizens in a deal that will cost about $20 billion but offered hope that the crisis of confidence in the global banking system could be easing.