Banking

The FDIC announced on Monday that First Citizens Bancshares Inc. is acquiring large pieces of SVB more than two weeks after the lender’s collapse caused turmoil in the banking system.

Upheaval within the banking sector has raised the risk of a "credit crunch" in the U.S., which would make lending standards drastically more restrictive.

The Federal Deposit Insurance Corporation said the First–Citizens Bank & Trust Company has agreed to purchase Silicon Valley Bank and will insure all depositors up to federal limits.

First Citizens Bank is reportedly nearing a deal to acquire the failed Silicon Valley Bank through an auction held by the Federal Deposit Insurance Corporation.

Federal authorities are reportedly considering an expansion of the Federal Reserve's emergency lending program to help banks like First Republic Bank shore up their balance sheet.

Banking turmoil will be the focus of hearings in the coming week as investors monitor the future of firms including First Republic while also digesting home price and inflation data.

Sen. Mark Warner, D-Va., says he will receive thousands in campaign donations he received from the failed Silicon Valley Bank if there is evidence of malfeasance.

'Shark Tank' investor Kevin O'Leary joined 'Fox & Friends Weekend' on Sunday to weigh in on the role of regional banks and booming business in North Dakota.

Valley National Bank and First Citizens BancShares have reportedly submitted bids for the failed Silicon Valley Bank following it's collapse earlier this month.

Data compiled by Investment Company Institute shows market fund assets ballooned to $5.13 trillion for the week ending on Wednesday, March 22, amid the banking crisis.

The Financial Stability Oversight Council met on Friday morning amid continued fallout from a spate of bank failures and fears of a broader financial crisis.

AT1 bonds are popular among European banks as a way to build up safety buffers. While AT1s pay high interest to bondholders, their mechanics can make them a risky investment.

The Federal Reserve's emergency bank lending ballooned again this week amid continued fallout from the collapse of Silicon Valley Bank and Signature Bank.

Shares for Deutsche Bank are down Friday amid concerns the German bank will pay higher costs for financial derivatives, called credit default swaps that insure bondholders against banks defaulting on debt.

Twitter CEO Elon Musk responded to a tweet from President Biden about the fight against climate change on Thursday, reminding him that the banks were "melting."

Citigroup Inc CEO Jane Fraser on Wednesday expressed optimism in the nation's banking system despite the failures of Silicon Valley Bank and Signature Bank.

The U.S. Securities and Exchange Commission issued an investor alert on Thursday, saying some crypto asset securities might not be compliant with U.S. laws.

A group of state financial officers is writing to JPMorgan Chase CEO Jamie Dimon to call for transparency and an end to political or religious bias in decisions to de-bank clients.

Following a two-year investigation, Hindenburg Research claims Block Inc. has taken advantage of the demographics by overstating its user numbers and understatong its customer acquisition costs.

Charles Schwab’s chief executive, Walt Bettinger, said the brokerage giant could continue to operate even if it lost most of its deposits over the next year.