SVB Financial Group Stock News

The nation's top banking regulators will be grilled by Congress in a series of hearings this week focused on the potential failure of regulators to spot and correct poor risk management practices at S

The deal gives the North Carolina bank $219 billion in assets. Three years ago, it had $42 billion.

Silicon Valley Bank imploded due to mismanagement and a sudden panic among depositors, a top Federal Reserve official plans to tell lawmakers at a hearing on Tuesday.

Shares of the Raleigh, North Carolina-based bank hit an intraday high of over $880, its highest level in more than a year.

The Federal Reserve issued warnings to Silicon Valley Bank that its risk-management practices were deficient as early as 2021 — well over a year before the bank ultimately failed — and met with th

The deal includes $72 billion of SVB's loans and $56 billion of deposits and grows First Citizens to $219 billion in total assets. The acquisition looks to be massively accretive to its earnings and t

The Federal Reserve's top banking regulator said Monday that the failure of the Silicon Valley Bank was due largely to mismanagement.

Michael Barr, the Fed's vice chairman for supervision, says the failed bank didn't manage its interest-rate risk.

Billionaire Bill Ackman (Trades, Portfolio) is a legendary investor and the founder of Pershing Square Capital Management, which reported ~$8.78 billion in U.S. common stocks as of its most recent 13F

First Citizens Bancshares (NASDAQ: FCNCA ) stock opened higher by about 50% today after it was announced that First Citizens Bank had agreed to buy Silicon Valley Bridge Bank from the Federal Deposit

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

Regional bank stocks like First Republic were rising after First Citizens agreed to buy large parts of the collapsed bank.

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