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Banking

“First Citizens to Buy SVB After Biggest Failure Since 2008”

“First Citizens BancShares Inc. agreed to buy Silicon Valley Bank after a run on deposits wiped out the company in the biggest US bank failure in more than a decade… The deal to settle SVB’s fate could help tamp down… Continue Reading…

Real Estate

“Anxiety Strikes $8 Trillion Mortgage-Debt Market After SVB Collapse”

“So-called agency mortgage bonds are widely held by banks, insurers and bond funds because they are backed by the mortgage loans from government-owned lenders Fannie Mae and Freddie Mac. The bonds are far less likely to default than most debt… Continue Reading…

Banking

“Bank of America has raked in $15billion in new deposits after SVB collapse”

“SVB imploded late last week after depositors tried to withdraw $42 billion from the institution, with the Federal Deposit Insurance Corporation (FDIC) taking over the bank over the weekend. Meanwhile, the New York Department of Financial Services took possession of Signature Bank on… Continue Reading…

Stocks

“SVB Financial Outperforms 96% Of All Stocks On Key Metric”

“Banks haven’t been among the hot groups lately. But there are exceptions like SVB Financial (SIVB). The IBD SmartSelect Composite Rating for the parent of Silicon Valley Bank shot to 96 on Monday, up from 89 earlier.Volume 0%01:2301:23 The upgrade means that SIVB… Continue Reading…