First Citizens Bank

First Citizens Reports Strong Liquidity a Year After SVB Purchase
First Citizens Reports Strong Liquidity a Year After SVB Purchase
April 25, 2024  |  Earnings

Showing its ability to navigate challenging economic conditions and make progress in integrating its purchase of Silicon Valley Bank, Raleigh-based First Citizens BancShares posted a...

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Silicon Valley Bank’s Downfall: Lessons Learned and Unanswered Questions
Silicon Valley Bank’s Downfall: Lessons Learned and Unanswered Questions
March 11, 2024  |  Banking

It’s said that those who don’t learn from history are doomed to repeat it. The spectacular flameout of Silicon Valley Bank (and other banks subsequently), happened March...

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SVB Adds Bankers as Anniversary of Its Failure Nears
SVB Adds Bankers as Anniversary of Its Failure Nears
February 15, 2024  |  Banking

While other lenders are cutting staff, Silicon Valley Bank (SVB) is reportedly hiring. The financial institution, whose failure in March of 2023 set off a larger banking...

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Silicon Valley Bank Rolls Out Enhanced Digital Banking Platform
Silicon Valley Bank Rolls Out Enhanced Digital Banking Platform
October 23, 2023  |  Digital Banking

Silicon Valley Bank (SVB), a division of First Citizens Bank, has unveiled a range of new and updated products and services. Since its acquisition by First Citizens,...

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FDIC Wants Regional Banks to Issue $70 Billion in Fresh Debt
FDIC Wants Regional Banks to Issue $70 Billion in Fresh Debt
August 29, 2023  |  Debt

In the spring, two formerly obscure acronyms, SVB and FDIC, became household names. That’s because after SVB (Silicon Valley Bank) collapsed due to a structurally weakened balance...

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Cash Flow Firm Settle Gets $145M Credit Facility With Silicon Valley Bank
Cash Flow Firm Settle Gets $145M Credit Facility With Silicon Valley Bank
July 25, 2023  |  Loans

Cash flow management company Settle has secured a $145 million credit facility with Silicon Valley Bank. The financing, announced in a news release Tuesday (July 25), will let Settle develop...

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Silo Technologies Raises $132 Million in New Capital
Silo Technologies Raises $132 Million in New Capital
July 12, 2023  |  Supply Chain

Silo Technologies, a provider of financial technology for distributors and grower shipper businesses in the perishable food supply chain, has raised $132 million in new...

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SVB Customers in Asia Still Stuck With Outstanding Loans
SVB Customers in Asia Still Stuck With Outstanding Loans
June 19, 2023  |  Banking

Silicon Valley Bank customers in Asia are reportedly facing dual headaches following the lender’s collapse. These customers had their deposits seized by the Federal Deposit...

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Report: NCR Considers Selling $2 Billion Digital Banking Business
Report: NCR Considers Selling $2 Billion Digital Banking Business
May 24, 2023  |  Digital Banking

NCR is reportedly weighing selling its digital banking unit ahead of its planned split. That’s according to a report Tuesday (May 23) from Reuters, citing...

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