Business

Silicon Valley Bank will be bought by North Carolina-based First Citizens

The sale involves the sale of all deposits and loans of SVB to First-Citizens, the FDIC said in a statement late Sunday. Read More

First Citizens to buy large chunk of failed Silicon Valley Bank

The deal will see First Citizens Bank purchase approximately $72 billion of SVB assets at a discount of $16.5 billion.

Fed’s Kashkari says stress in banking sector brings the U.S. closer to recession

Recent banking turmoil could bring the U.S. closer to a recession, Minneapolis Fed President Neel Kashkari said in an interview with CBS’ “Face The Nation.”

‘The first bank crisis of the Twitter generation’: The pressure on banks is very different to 2008

Credit Suisse and Silicon Valley Bank may have collapsed but a financial crash today would be very different to the 2008 crisis.

Germany is overhauling its immigration rules to bolster a rapidly shrinking workforce

Germany is poised to pass a new nationality law that will make it easier for foreigners to gain citizenship.

‘Sell into rallies’: Morgan Stanley names the stocks to navigate current European banking jitters

Morgan Stanley strategists recommend 10 defensive stocks to own right now while selling European bank stocks “into any material rally”.

Top 5 China Stocks To Buy And Watch: 3 Internet Giants Are Actionable