First Citizens Bank will buy about $72 billion in assets from the failed Silicon Valley Bank, the Federal Deposit Insurance Corporation said. #firstcitizensbank #svb #banking #fdic #abcnews
Original source (ABC/Youtube)
First Citizens Bank will buy about $72 billion in assets from the failed Silicon Valley Bank, the Federal Deposit Insurance Corporation said. #firstcitizensbank #svb #banking #fdic #abcnews
Original source (ABC/Youtube)
How?
How cute the US banking system is collapsing. by the end of the year, losses from the budget for its resuscitation will take a lot of money. Investors say goodbye irrevocably to their money. Unless they take them now, of course. banks are extremely unstable at the moment. the dollar itself is also weak. of course, it is artificially maintained at the right level, but sooner or later people will realize that this currency is not reliable and will transfer their deposits to the euro or yen. the ruble is now also progressive. in my opinion, keeping savings in dollars this year is a direct path to loss of income.
First Citizen bank was $500 before svb bailout. Major insider trading detected. yellen must be investigated. sell sell sell!