Bloomberg: American First Citizens BancShares may buy bankrupt SVB 09:13

The American company First Citizens BancShares is interested in acquiring the bankrupt bank Silicon Valley Bank (SVB). In this respect informs Bloomberg, citing the source.

First Citizens BancShares Inc. Considering an offer to acquire Silicon Valley Bank.

March 16 Financial Times WroteSince the beginning of March 2023, the market capitalization of the six largest US banks – Citigroup, Morgan Stanley, Bank of America, Goldman Sachs, JP Morgan Chase and Wells Fargo – has dropped 13%, with credit institutions losing about $165 billion.

Prior to that, Reuters said, citing sources, that financial analysts expect the European Central Bank’s (ECB) leadership to raise the key rate by another 50 basis points (0.5%) – from the current 3% to 3.5% annually. . The tightening of the currency regulator’s monetary policy will result from the bankruptcy of investment bank SVB. In addition to the collapse of the SVB, an additional increase in the key ratio could lead to a sharp decline in the shares of Swiss bank Credit Suisse.



Source: Gazeta

Popular

More from author

Putin said that security problems in new regions of the Russian Federation will be solved 20:03

Russian President Vladimir Putin said that the Russian Federation will solve the problems related to ensuring security in new regions. Quotes from the...

They want to abandon the pegging of the hryvnia exchange rate to the dollar in Ukraine 19:55

In Ukraine, there is an increase in the share of payments made in euros by bank customers for non-cash foreign exchange purchases. TASS...

Zelensky admitted that Ukraine would lose without US help 18:23

Ukrainian President Vladimir Zelensky admitted that his country would lose the conflict if it did not receive assistance from the United States. He...