The Latest Breaking News from Silicon Valley Bank

Will US consumers have to bail out struggling banks?

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

McClatchy Washington Bureau · Mar 27, 2023

First Citizens Bank will buy Silicon Valley Bank

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.

Tribune News Service · Mar 27, 2023

Markets Today: Stock Indexes Climb as Banking Concerns Ease

Morning Markets March S&P 500 futures (ESM2 3) this morning are up +0.62%, and March Nasdaq 100 E-Mini futures (NQM2 3) are up +0.25%. U.S. stock index futures this morning are moderately higher as the prospect of additional support from U.S. authorities eased some concerns about liquidity at regional banks...

Barchart · Mar 27, 2023

The FDIC says First Citizens Bank will acquire Silicon Valley Bank

First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shockwaves around the world.

WEKU · Mar 27, 2023

Silicon Valley Bank: most of failed lender bought by First Citizens

Collapse of tech sector lender will cost about $20bn in deposit insurance payouts, say US regulators

The Guardian - UK · Mar 27, 2023

Markets rally despite banking fears; UK retailers turn optimistic after bleak winter – as it happened

Shares in First Citizens Bank surge 45% as it agrees to buy much of Silicon Valley Bank, while Saudi National Bank’s Ammar Alkhudairy resigns

The Guardian - UK · Mar 27, 2023

Banking sector sees boost as First Citizens acquires failed SVB

SVB’s purchase gives markets some respite amid growing concerns over financial health of global banking system.

Al Jazeera · Mar 27, 2023

AP News Digest 3 a.m.

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan.

The Independent UK · Mar 27, 2023

First Citizens buys Silicon Valley Bank

NEW YORK: First Citizens BancShares Inc agreed to buy Silicon Valley Bank which was seized by regulators following a run on the lender.

The Times of India · Mar 27, 2023

FTSE 100 Live: FTSE closes up 0.9%, SVB deal allays banking fears, Binance CEO sued by US watchdog

Pressure on banking shares eased yesterday, after First Citizens’ deal to rescue Silicon Valley Bank. Shares in top lenders across the globe rose, with the FTSE up 0.9%.

Evening Standard · Mar 27, 2023