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May 13, 2025

Silicon Valley bank

Article

GOP lawmakers accuse Fed of being lax before bank failure

April 9, 2023 Paul Wiseman, Associated Press

WASHINGTON, D.C. — Republican lawmakers accused top bank regulators Wednesday of dawdling as Silicon Valley Bank hurtled toward the second-largest bank failure in U.S. history and questioned whether tougher regulations would have made a difference. […]

Article

Raleigh-based First Citizens strikes deal to buy troubled Silicon Valley Bank

March 30, 2023 The Associated Press

RALEIGH — Family-owned First Citizens Bank, based in Raleigh, is buying much of Silicon Valley Bank, the tech-focused financial institution whose failure this month set off a chain reaction that helped rattle faith in banks […]

Article

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 […]

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