FDIC | The North State Journal

June 4, 2023

FDIC recommends raising insured deposit limit for businesses

May 4, 2023 The Associated Press

NEW YORK — U.S. businesses might be able to secure bank deposit insurance for accounts holding more than $250,000 if Congress agrees with the Federal Deposit Insurance Corp.’s new proposal to ease the industry turmoil […]

First Citizens to acquire troubled Silicon Valley Bank

March 27, 2023 The Associated Press

RALEIGH — North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shockwaves around the world. The deal could reassure […]