Federal Regulators Seized First Republic Bank
Federal Regulators have seized First Republic Bank, and they sold all of its deposits and most of its assets to JPMorgan Chase Bank.
First Citizens Bancshares to Buy All of SVB’s Assets
The Federal Deposit Insurance Corporation said that First Citizens Bancshares is purchasing all of Silicon Valley Bank’s assets, including deposits, loans and branches.
Silicon Valley Bank Taken Over By the Federal Government
Silicon Valley Bank stock was halted from tradin after falling 68% in preparket trading. SVB was closed by federal regulators after a run on deposits stopped their plans to raise…
Russian Invasion of Ukraine: UPDATES THROUGHOUT THE DAY
3:11 AM: Russia’s Central Bank has more than doubled the interest rate from 9.5% to 20% in response to all the sanctions imposed on Russia’s financial markets. The Russian Ruble…