First Citizens to Buy Silicon Valley Bank

First Citizens to Buy Silicon Valley Bank

North Carolina-based regional bank First Citizens has agreed to purchase Silicon Valley Bank, according to a March 26 statement from the Federal Deposit Insurance Corporation (FDIC). The FDCI confirmed that it had agreed to the deal, which will see the regulatory...
Regulators Shut Down SVB

Regulators Shut Down SVB

Financial regulators responded to Silicon Valley Bank’s (SVB) recent collapse by announcing that they have shut the bank down. The decision was made by the California Department of Financial Protection and Innovation, which announced the news on March 10. Those...
Regulators Urge Banks to Address Crypto Liquidity Risks

Regulators Urge Banks to Address Crypto Liquidity Risks

A group of U.S. regulatory agencies released a joint statement this week, calling on the nation’s banks to be vigilant to potential liquidity risks associated with cryptocurrency. The statement urged financial institutions to focus on implementing tools and systems to...