First Citizens BancShares Stock News

As part of the integration process, JPMorgan (JPM) and First Citizens BancShares (FCNCA) announce layoffs at acquired First Republic Bank and Silicon Valley Bank, respectively.

First Citizens Bank is cutting jobs related to its takeover of Silicon Valley Bank, which became the largest bank failure since the financial crisis.

More than 136,000 employees were laid off by major U.S. companies in the first quarter of 2023.

First Citizens Bancshares Inc. FCNCA, -0.75% laid off nearly 500 former Silicon Valley Bank staff on Wednesday, Axios reported, with most in the failed bank's commercial banking segment. The move was

First Citizens FCNCA, +0.06% is suing HSBC Holdings HSBC, +0.55% for more than $1 billion in damages, alleging that the U.K. bank took top bankers and confidential information from fallen Silicon Vall

First Citizens claims HSBC's move produced an unfair competitive advantage by giving it access to “trade secret information.”

First Citizens BancShares Inc , which acquired Silicon Valley Bank following its collapse, sued HSBC Holdings PLC on Monday, accusing it of illegally poaching more than 40 of the failed bank's employe

Though a banking crisis may be daunting for investors, the storm will pass, and strong stocks will benefit dramatically. Industry consolidation, shrinking valuations, and innovation should provide inv

The acquisition was immensely accretive to earnings and First Citizens' tangible book value. The challenge for management is retaining and running SVB's core startup and venture capital businesses.

The major market indices are sending investors mixed signals. Follow these 5 market segments to decode the action and determine the market's next move.

First Citizens (FCNCA) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

FCNCA, SHAK and WIRE made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on May 15, 2023.

LCUT, IPG, FCNCA, SHAK and WIRE have been added to the Zacks Rank #1 (Strong Buy) List on May 15, 2023.

Regional banks remain under pressure 10 weeks after the start of the bank crisis. Regulators, JPMorgan's Jamie Dimon aim at short sellers.

FDIC's new proposal requires banks like JPM, BAC and WFC, which have more than $5 billion in assets, to pay for the collapse of Silicon Valley Bank and Signature Bank.