By Mona Salama

First Citizens Bank Strikes Deal To Acquire Collapsed Silicon Valley Bank

First Citizens Wins Takeover of Collapsed Silicon Valley Bank

March 27, 2023March 31, 2023

In a deal with the Federal Deposit Insurance Corporation (FDIC), First Citizens BancShares Inc. snapped up a bulk of collapsed Silicon Valley Bank, just two weeks after a panic-induced run of deposits destroyed the lender’s finances in the second biggest U.S. bank failure since the 2008 financial crisis.

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Economy/Finance Zone

Silicon Valley Bank Collapses As Regulators Seized Control

The closure of Silicon Valley Bank, the 16th largest U.S. bank marks the second-largest bank failure in history

March 10, 2023March 29, 2023

Silicon Valley Bank collapsed Friday with financial regulators rushing in to seize control over the tech-focused lender’s assets and liabilities following a frenetic week that saw an unsuccessful attempt to raise capital triggering a depositor exodus.

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2024 Watch

Trump Overwhelmingly Wins CPAC Straw Poll As GOP 2024 Frontrunner

CPAC Poll Saw 62% Of Attendants Want Trump In 2024

March 4, 2023March 29, 2023

Former President Donald Trump overwhelmingly won the Conservative Political Action Conference (CPAC) straw poll by a wide margin for the 2024 Republican presidential nomination as the race for the White House begins to heat up.

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Economy/Finance Zone

Buffett Blasts Stock Buyback Critics

An Unconditional Stock Buyback Critics Is "An Economic Illiterate"

February 27, 2023March 5, 2023

Billionaire investor Warren Buffett slammed opponents of stock buybacks, saying they are “either an economic illiterate or a silver-tongued demagogue” and offered a full-throated defense for the practice.

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46 War In Ukraine

Biden Makes Suprise Visit to Embattled Kyiv as War Nears One-Year Mark

Biden's High-Risk Surprised Trip To Kyiv Was Shrouded In Secrecy

February 20, 2023February 21, 2023

President Biden made a surprise visit to Ukraine, his first time to the war-torn country of his presidency and to show support ahead of the eve of the one-year anniversary since Russia launching its full-scale invasion.

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46

Biden’s 2023 State of the Union Address

February 7, 2023

President Biden will deliver his second State of the Union address Tuesday night to a divide Congress and the nation against the backdrop of renewed tensions with China amid drama over the Chinese spy balloon, a heated debt ceiling showdown, and his anticipated bid for reelection

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First Citizens Bank Strikes Deal To Acquire Collapsed Silicon Valley Bank

Silicon Valley Bank Collapses As Regulators Seized Control

Trump Overwhelmingly Wins CPAC Straw Poll As GOP 2024 Frontrunner

Buffett Blasts Stock Buyback Critics

Biden Makes Suprise Visit to Embattled Kyiv as War Nears One-Year Mark

Biden’s 2023 State of the Union Address

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Markets + Economics

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By Mona Salama

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