First Citizens Bank jumps 50% after deal to acquire assets of collapsed Silicon Valley Bank

First Citizens Bank jumps 50% after deal to acquire assets of collapsed Silicon Valley Bank

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NurPhoto/Getty Images First Citizens Bank stock jumped as much 50% in Monday's trading session. The surge follows news that First Citizens will acquire a large chunk of failed SVB's assets. SVB was closed by regulators and taken over by the FDIC in early March. Shares of First Citizens Bank surged…

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