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.
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
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.
Trump Overwhelmingly Wins CPAC Straw Poll As GOP 2024 Frontrunner
CPAC Poll Saw 62% Of Attendants Want Trump In 2024
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.
Buffett Blasts Stock Buyback Critics
An Unconditional Stock Buyback Critics Is "An Economic Illiterate"
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.
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
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.
Biden’s 2023 State of the Union Address
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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