Here’s why the U.S. had to sweeten terms to get the SVB sale done

Upworthy

27 Mar 2023 0 shares 1 views

Here’s why the U.S. had to sweeten terms to get the SVB sale done

Upworthy

Published 27 Mar 2023

The winning bidder in the government's auction of Silicon Valley Bank's main assets received several concessions to make the deal happen. First Citizens BancShares is acquiring $72 billion in SVB assets at a discount of $16.5 billion, or 23%, according to a Sunday release from the Federal Deposit…

#siliconvalleybank #svb #fdic #firstcitizen #northcarolina #depositinsurancefund #firstcitizens #markwilliams #federalreserve #bostonuniversity

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Here’s why the U.S. had to sweeten terms to get the SVB sale done

Here’s why the U.S. had to sweeten terms to get the SVB sale done

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