First Citizens Bank to buy SVB’s deposits, loans from FDIC
1:12 am Monday, March 27th, 2023
(Reuters) – First 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.
(Reporting by Jahnavi Nidumolu in Bengaluru; Editing by Savio D’Souza)
