American bank holding company
First Citizens beats profit estimates, says SVB business stabilized: First Citizens BancShares' first-quarter profit beat expectations as the lender earned ...
reuters.com/markets/us/svb-owner-first-citizens-profit-beats-estimates-interest-income-strength-2024-04-25/
First Citizens, which scooped up Silicon Valley Bank after the lender failed last year, lifted its guidance for lending income for 2024 First Citizens (FCNCA) Boosts NII Forecast as Fewer Rate Cuts Projected - Bloomberg
First Citizens BancShares, Inc. 2024 Q1 - Results - Earnings Call Presentation: The following slide deck was published by First Citizens BancShares, Inc.
seekingalpha.com/article/4686086-first-citizens-bancshares-inc-2024-q1-results-earnings-call-presentation
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Winners of 2023 Bank Crisis Are Finding the New Spotlight Harsh: Two regional banks emerged as winners last year as deposit runs shook their industry ...
bloomberg.com/news/articles/2024-04-04/winners-of-2023-bank-crisis-are-finding-the-new-spotlight-harsh
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First Citizens is retaining SVB clients, but cites 'headwinds' to growth: Ten months after the Raleigh, North Carolina, company acquired a large chunk of Silicon ...
americanbanker.com/news/first-citizens-is-retaining-svb-clients-but-cites-headwinds-to-growth
First Citizens unveils revised SVB community plan worth $6.5 billion: The agreement includes funds for small-business lending and mortgages for low- and ...
americanbanker.com/news/first-citizens-unveils-revised-svb-community-plan-worth-6-5-billion
First Citizens Deposits Beat Estimates as SVB Deal Boosts Income: First Citizens BancShares Inc., the regional lender that acquired Silicon Valley Bank when it ...
bloomberg.com/news/articles/2023-10-26/first-citizens-deposits-beat-estimates-as-svb-deal-boosts-income
Stocks making the biggest moves midday: Pinterest, Carnival, General Mills, Netflix and more
cnbc.com/2023/06/28/stocks-making-the-biggest-moves-midday-.html
First Citizens sues HSBC for hiring away Silicon Valley Bank staff: First Citizens BancShares Inc (FCNCA.O), which acquired Silicon Valley Bank following its ...
reuters.com/legal/first-citizens-sues-hsbc-hiring-away-silicon-valley-bank-staff-2023-05-22/
5 Value Stocks With Oakmark’s Bill Nygren: A look at some of Nygren’s favorite stocks, including Alphabet, ConocoPhillips, and First Citizens BancShares.
morningstar.com/markets/5-stocks-with-oakmarks-bill-nygren
First Citizens BancShares records $9.8 bln gain from Silicon Valley Bank purchase
reuters.com/markets/deals/first-citizens-bancshares-records-98-bln-gain-silicon-valley-bank-purchase-2023-05-10/
Blackstone, Apollo were among about 20 bidders for SVB's assets: Blackstone Inc (BX.N) and Apollo Global Management (APO.N) were among about 20 bidders for some ...
reuters.com/business/finance/blackstone-apollo-were-among-bidders-svbs-assets-2023-05-10/
First Citizens Deposits Beat Estimates in Wake of SVB Deal: First Citizens BancShares Inc.’s deposits surpassed estimates following its rescue deal for Silicon ...
bloomberg.com/news/articles/2023-05-10/first-citizens-deposits-beat-estimates-in-wake-of-svb-deal
First Citizens turns to its direct bank to offset lost SVB deposits: The North Carolina company, which acquired the remains of Silicon Valley Bank in late March ...
americanbanker.com/news/first-citizens-turns-to-its-direct-bank-to-offset-lost-svb-deposits
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HSBC Bank Sued By First Citizens For Allegedly Poaching SVB Staff: First Citizens claims HSBC’s move produced an unfair competitive advantage by giving it access ...
forbes.com/sites/antoniopequenoiv/2023/05/22/hsbc-bank-sued-by-first-citizens-for-allegedly-poaching-svb-staff/
SVB Still Seeing Outflows After First Citizens Takeover, FT Says: The new owner of Silicon Valley Bank, which collapsed after a bank run in March and set off ...
bloomberg.com/news/articles/2023-04-23/svb-still-seeing-outflows-after-first-citizens-takeover-ft-says
Analysts say these 11 top-performing stocks are set to soar even more — giving one over 85% upside
cnbc.com/2023/05/18/analysts-love-these-top-performing-stocks-that-are-set-to-soar-further.html
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SVB's new owner First Citizens is run by family versed in failed banks: The Holding Family seized an opportunity to expand its First Citizens' banking empire ...
markets.businessinsider.com/news/stocks/svb-first-citizens-holding-family-failed-banks-fdic-billionaire-empire-2023-3
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.
BREAKING: Silicon Valley Bank has been sold to First Citizens, which will take over $119 billion in deposits. trib.al/bUMNuh2
FDIC Director Says Agency’s Failed-Bank Auctions Could Do Better: After the FDIC brokered the sale of collapsed Silicon Valley Bank to First Citizens BancShares ...
bloomberg.com/news/articles/2023-04-13/fdic-director-says-agency-s-failed-bank-auctions-could-do-better
First Citizens to buy large chunk of failed Silicon Valley Bank: The deal will see First Citizens Bank purchase approximately $72 billion of SVB assets at a ...
cnbc.com/2023/03/27/first-citizens-bank-to-buy-silicon-valley-banks-deposits-and-loans.html
Quick Glance: In a poll, Swiss economists question UBS's takeover of Credit Suisse.
- ZURICH, 31 March (Reuters) - According to a poll of Swiss economists, nearly half believe Credit Suisse (CSGN.
- UBS agreed to buy rival Credit Suisse for 3 billion Swiss francs ($3.3 billion) in a deal hatched by the Swiss government, central bank, and market regulator to avert a financial meltdown in the country.
- Credit Suisse should be restructured under "too big to fail" rules was favoured by 28% of respondents." rules, according to 28% of respondents."
- According to the GFS Bern survey, 40% of the public thought a temporary state takeover of Credit Suisse would have been a better solution.
FDIC Grants First Citizens Rare $70 Billion Credit Line for SVB: First Citizens BancShares Inc.’s acquisition of SVB Financial Group came with an unusual ...
bloomberg.com/news/articles/2023-03-27/fdic-grants-first-citizens-rare-70-billion-credit-line-for-svb
WATCH: First Citizens BancShares said it would acquire all the deposits and loans of failed Silicon Valley Bank, lending an uneasy calm to the markets Show more
First Citizens to acquire failed Silicon Valley Bank: First Citizens has agreed to buy Silicon Valley Bank, the California lender whose collapse sent shockwaves ...
techcrunch.com/2023/03/26/first-citizens-to-acquire-silicon-valley-bank/
First Citizens’ Stock Surge From SVB Deal Gives $500 Million to FDIC: The Federal Deposit Insurance Corp. is set to collect the instant windfall that it ...
bloomberg.com/news/articles/2023-03-31/first-citizens-stock-surge-from-svb-gives-500-million-to-fdic
Exclusive: Citizens Financial eyes bid for SVB's private bank, sources say: Citizens Financial Group Inc (CFG.N) is working on a bid to acquire the private ...
reuters.com/business/finance/citizens-financial-eyes-bid-svbs-private-bank-sources-2023-03-23/
Silicon Valley Bank: Collapsed US lender bought by rival: The collapsed lender was seized by US regulators after a run on the bank.
bbc.com/news/business-65084248
Quick Glance: Bitcoin is not a viable alternative to the euro.
- The central bank, like the federal government, makes payments by creating new money in the form of credit.
- As a result, banks profit more when they purchase government bonds than when they do not.
- It also results in a power shift: buyers of government bonds may be able to tell the federal government how to spend its money.
- It is critical that we consider the conditions and extent to which banks and the federal government are permitted to spend money.
First Citizens to Acquire Failed Silicon Valley Bank From FDIC: Banking regulators, which announced the deal late Sunday, had been looking for a buyer since ...
nytimes.com/2023/03/27/business/silicon-valley-bank-first-citizens.html
S&P 500 ends up slightly; SVB deal lifts bank shares: The S&P 500 ended slightly higher on Monday as a deal for Silicon Valley Bank's assets helped to boost bank ...
reuters.com/markets/us/futures-edge-higher-svb-deal-soothes-bank-fears-2023-03-27/
First Citizens emerges as possible suitor for Silicon Valley Bank: First Citizens BancShares is reportedly weighing a possible bid for the failed Silicon Valley ...
foxbusiness.com/markets/first-citizens-emerges-possible-suitor-silicon-valley-bank
Brace for Volatility, But Banks Are Looking Better: The 2008 scenario is easing up, though it’s far too early to declare victory for regional lenders.
bloomberg.com/opinion/articles/2023-03-28/banking-crisis-2008-scenario-looks-better-but-brace-for-volatility
FDIC to break up SVB, seeks separate sale of private unit: The Federal Deposit Insurance Corporation on Monday decided to break up Silicon Valley Bank (SVB) and ...
reuters.com/business/finance/fdic-extends-bidding-window-svb-seeks-separate-sale-private-unit-2023-03-20/
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/
Meet the 125-year-old bank that bought Silicon Valley Bank: Time will tell whether First Citizens' culture will mesh with Silicon Valley's ...
axios.com/2023/03/30/meet-the-125-year-old-bank-that-bought-silicon-valley-bank
First Citizens agrees to buy Silicon Valley Bank: This is a step toward stabilizing America's regional banking sector, after a month of tumult.
axios.com/2023/03/27/first-citizens-silicon-valley-bank-sold-fdic
Should investors buy regional bank stocks? A bull and a bear weigh in — and share 3 top picks
cnbc.com/2023/04/17/buying-regional-bank-stocks-analysts-state-bull-bear-case-and-stocks.html
Paid articlePaid UBS double upgrades this regional bank it sees surging more than 25%: Analyst Brody Preston double upgraded shares to buy from sell. Preston also raised his ...
cnbc.com/2023/04/05/ubs-double-upgrades-this-regional-bank-it-sees-surging-more-than-25percent.html
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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
These beaten-down bank stocks have strong deposit bases and are well liked by analysts
cnbc.com/2023/03/23/these-beaten-down-bank-stocks-have-strong-deposit-bases-and-are-well-liked-by-analysts.html
Paid articlePaid Office loans spark scrutiny at First Citizens, Webster: North Carolina-based First Citizens blamed a rise in problem credit on certain office loans that it ...
americanbanker.com/news/office-loans-spark-scrutiny-at-first-citizens-webster
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