FDIC Weighs Squeezing Big Banks To Plug $23 BIllion Hole From Small Bank Failure Costs
Yesterday, we explained that the reason why the stock price of First-Citizens Bank & Trust exploded on Monday after the FDIC revealed that it would "acquire" much of the now failed Silicon Valley Bank, is because in exchange for paying $500 million to the FDIC, the Raleigh, N.C. bank would not…
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