First Citizens BancShares Inc was in advanced talks to acquire Silicon Valley Bank , a person familiar with the matter told Reuters on Sunday. Show more
Quick Glance: Silicon Valley Bank: Startups' Best Friend
- Founders and investors praise Silicon Valley Bank for their support and unique perks.
- Founded about 40 years ago by a Stanford University professor and banking experts to assist students in funding their business ideas.
- A source at the bank mentioned that yesterday several dozen companies expressed interest in securing new loans.
- Rising interest rates have limited startups' access to affordable capital from investors in the past year.
First Citizens shares hit record high in wake of SVB purchase: Shares of First Citizens BancShares Inc (FCNCA.O) climbed to a record high on Tuesday ...
reuters.com/business/finance/first-citizens-shares-hit-record-high-wake-svb-purchase-2023-03-28/
First Citizens BancShares in ‘Advanced’ Talks to Buy Silicon Valley Bank: A deal is expected as soon as Monday, Reuters and Bloomberg both reported.
thedailybeast.com/first-citizens-bancshares-in-advanced-talks-to-buy-silicon-valley-bank
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