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Futures Rise As Banking Sector Concerns Subside

U.S. stock futures rose on Wednesday morning as fears concerning the ongoing banking crisis continue to subside. Investor confidence in the banking sector has been partially restored in recent days following the U.S. regulator-backed acquisition of the failed Silicon Valley Bank. S&P 500 e-minis were...

Stock Edge Lower Following Silicon Valley Bank Takeover

U.S. stocks edged lower on Tuesday and bond yields continued to rise as investors remain focused on the acquisition of Silicon Valley Bank by North Carolina-based First Citizens on Monday. Contracts on the S&P 500 edged 0.1% lower while those on the tech-heavy Nasdaq Composite...

First Citizens Bancshares Makes a Deal to Acquire Collapsed Silicon Valley Bank

The Federal Deposit Insurance Corporation (FDIC) has found a taker for the collapsed Silicon Valley Bank (SVB). On Monday, FDIC confirmed that North Carolina-based First Citizens Bancshares had entered an agreement to buy SVB’s assets, deposits, and loans. According to the details of the deal,...