Shares of First Citizens BancShares Inc climbed to a record high on Tuesday, extending gains for a second day after scooping up the assets of failed peer Silicon Valley Bank.
over the last two weeks, evidence that some investors are betting on a rebound in fundamentally strong regional lenders following the recent sell-off. The ETF was up 0.3% on Tuesday.
SVB's collapse has triggered the worst banking shock since the 2008 crisis. Policymakers, regulators and central banks have emphasized that the turmoil is not a precursor to another global financial crisis. "Essentially, the risk model was not at all aligned with reality," Michael Barr, the Federal Reserve's vice chairman for supervision,Shares of SVB Financial Group , which operated Silicon Valley Bank, traded on Tuesday as an over-the-counter stock and were last at 28 cents per shares, down from about $268 before the bank's collapse, an all but complete loss for its shareholders.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
First Citizens shares leap on SVB deal as Novartis stock boosted by breast-cancer drug trialHere are some of the most active stocks in premarket trade, as U.S. stock index futures were boosted on improving news from the banking sector.
Leer más »
First Citizens Bank to buy SVB's deposits, loans from FDICFirst Citizens Bank & Trust Co will buy all of Silicon Valley Bank's deposits and loans from the Federal Deposit Insurance Corporation (FDIC), the regulator said in a statement.
Leer más »
First Citizens Bank to buy SVB's deposits, loans from FDIC By Reuters⚠️BREAKING: *FIRST CITIZENS BANK TO BUY SILICON VALLEY BANK FOR UP TO $500 MILLION DOLLARS $FCNCA $SIVB
Leer más »
SVB collapse: First-Citizens Bank to buy Silicon Valley BankFirst-Citizens Bank has reached a deal to acquire the assets of Silicon Valley Bank about two and a half weeks after the Santa Clara, California-based bank collapsed, the Federal Deposit Insurance Corporation announced early Monday morning.
Leer más »
Regional bank stocks surge on First Citizens acquisition of failed SVBSeveral flailing regional banks got a boost on Monday after First Citizens Bank agreed to buy failed Silicon Valley Bank more than two weeks after its sudden collapse.
Leer más »
First Citizens Adds to Its Collection of Failed Banks With SVB PurchaseA fast-growing North Carolina lender with a history of buying failed banks is taking on its largest challenge yet with its purchase of Silicon Valley Bank
Leer más »