First Citizens Bank stock has gained over 50% in premarket trading, but this has been driven by the news that they've purchased $72 billion worth of assets from defunct Silicon Valley Bank at a discou
First Citizens BancShares Inc. agreed to buy Silicon Valley Bank after a run on deposits wiped out the company in the biggest US bank failure in more than a decade. Shares of regional banks rallied

Why Are Stocks Up Today?

11:28am, Monday, 27'th Mar 2023
Stocks are up today and it's thanks to investors celebrating recent positive news concerning the banking crisis. First off, the Federal Deposit Insurance Corp. (FDIC) has revealed a deal for the asset
Regional bank stocks like First Republic were rising after First Citizens agreed to buy large parts of the collapsed bank.
First Citizens (NYSE: FCNCA ) stock is trending and soaring more than 40% today on news that the FDIC has reached a deal with the bank to buy assets from SVB Financial. SVB, a California-based bank, w
The winning bidder in the government's auction of Silicon Valley Bank's main assets got several concessions to make the deal happen.
CNBC's Jim Cramer discusses First Citizens' agreement to buy the assets of Silicon Valley Bank. Sign up and learn more about the CNBC Investing Club with Jim Cramer https://cnb.cx/3Ei22n4 » Subscrib
Yahoo Finance Live's Julie Hyman summarizes three key topics to watch for this morning including First Citizens Bank agreeing to buy part of Silicon Valley Bank, Fed tightening in focus, and Elon Musk
Bank stocks rallied as First Citizens agreed to buy Silicon Valley Bank while officials mull more First Republic support. KeyCorp got an upgrade.
Stephanie Link, Hightower Advisors chief investment strategist, joins 'Squawk Box' to discuss how earnings could be affected by the rate environment, if the Fed will continue its inflation fight, and
CNBC's Joe Kernen reports on news from the banking sector after a tumultuous few weeks.
North Carolina-based First Citizens is getting a $16.5 billion discount on the assets it's buying.
Frank Holding Jr., First Citizens Bank chairman and CEO, joins 'Squawk Box' to discuss the company's acquisition of SVB's assets and more.
Christopher Whalen, Whalen Global Advisors chairman, joins 'Squawk Box' to discuss First Citizens Bank's acquisition of SVB's assets, how regional banks are healing, and more.
First Citizens Bank agreed to buy SVB on Sunday, taking over 17 branches and paying $72 billion for the collapsed lender's assets.
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