First Republic stock rises 25% to lead regional bank stocks higher after SVB finds a buyer
last week, and its shares are down nearly 90% this year so far.
First Citizens Bancshares's share price was up 54% at $897.43 at last check in premarket trading after the news Monday. The stock is down 23% year to date.
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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.
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First Republic stock up 24%, leading regional lenders after First Citizens deal for Silicon Valley BankShares of First Republic Bank surged 24% in premarket trading on Monday and led a swathe of regional lenders higher, following news of that failed Silicon...
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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.
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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
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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.
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First Citizens to acquire troubled Silicon Valley BankCustomers of SVB automatically will become customers of First Citizens, and the 17 former branches of SVB will open as First Citizens branches Monday.
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