bank failures
First Citizens to acquire troubled Silicon Valley Bank NEW YORK (AP) — North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shockwaves around the world. The deal could reassure investors at a time of shaken confidence in banks, though…
Yellen to tell Congress US banking system ‘remains sound’ By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — A week after the second-largest bank collapse in U.S. history, Treasury Secretary Janet Yellen is set to tell the Senate Finance Committee that the nation’s banking system “remains sound” and Americans can feel “confident” about their deposits. Yellen…
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