US First Citizens Bank to Buy All Deposits, Loans of Collapsed Silicon Valley Bank: FDIC

US First Citizens Bank to Buy All Deposits, Loans of Collapsed Silicon Valley Bank: FDIC

MOSCOW (Sputnik) – The US Federal Deposit Insurance Corporation said that the North Carolina-based First Citizens Bank would buy all deposits and loans of Silicon Valley Bank (SVB), whose recent collapse raised concerns about the health of the global banking and financial sector.

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