Continuing to benefit from its acquisition of Silicon Valley Bank, First Citizens reported results early Thursday that blew past analysts’ expectations. And its top executive has a lot of positive news to share.
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Job postings are down in the Triangle this week, but 49 of the “Top 50” that WRAL TechWire tracks are hiring. Plus—new IT job postings in state and local government. Check out the numbers.
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First Citizens Bank delivered results that topped Wall Street expectations in its latest earnings report – the first quarter of business since acquiring Silicon Valley Bank in March.
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Silicon Valley Bank – now owned by Raleigh NC based First Citizens Bank – failed because regulators were far too slow to take action, San Francisco Federal Reserve Bank President Mary Daly said Monday in her first extended remarks about the collapse.
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Silicon Valley Bank, once a primary source of funding for startups and loans to the venture capital industry, is making loans again in that sector following its acquisition by Raleigh-based First Citizens Bank. But …
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First Citizens Bank has laid off some 500 workers at Silicon Valley Bank, which the Raleigh based company recently acquired after it was seized by federal regulators, multiple media reports say.
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Raleigh’s First Citizens BancShares Inc, which acquired Silicon Valley Bank following its collapse, sued HSBC Holdings PLC, accusing it of poaching more than 40 of the failed bank’s employees in order to launch its own U.S. venture banking business.
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The former chief executive of Silicon Valley Bank plans to apologize before a Senate committee Tuesday, writing in prepared testimony that he believes no bank could have survived the run that gutted SVB in early March. Here’s what he plans to say.
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First Citizens BancShares – corporate parent of FirstCitizens Bank – says its March purchase of the failed Silicon Valley Bank is already paying off in big ways. The company reported a first quarter net income of $9.52 billion, smashing Wall Street expectations with much of that tied to gains from the purchase.
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