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 solid first quarter on Thursday (April 25) marked by an optimistic take on consumer spending. The company reported a substantial...
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 10, 2023, which seems long ago, but the ripple effects are being felt in the here and now. The questions...
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 crisis, has added about 200 bankers since then and has openings for dozens more, President Marc Cadieux told Bloomberg News Thursday (Feb. 15). “So...
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, SVB has continued to invest in digital solutions and efficiency tools, the bank said in a Monday (Oct. 23) press...
March 11, 2024
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 10, 2023, which seems long ago, but the ripple effects are being felt in the here and now. The questions loom large as to what we’ve learned and what we’ve […]
September 10, 2024
First Citizens Bank now lets customers receive instant payments via the RTP network. The offering is open to business and consumer banking customers, allowing them to receive secure, instant payments in their savings and checking accounts, the bank announced Tuesday (Sept. 10). “In today’s fast-paced financial environment, customers need and appreciate the ability to receive money instantly […]
February 15, 2024
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 crisis, has added about 200 bankers since...
October 23, 2023
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, SVB has continued to invest...
July 25, 2023
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 its lending products for larger...
