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First Citizens Buys Silicon Valley Bank Assets -- and Regional Bank Stocks Rally 3/27/23

Squawk on the Street

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First Citizens: A Giant Move

David Frum: First republic is not going to get acquired by another bank. He says M&T Bank, which had an unwievable letter in shareholders, will never be taken into receivership. If you're first citizens right now, you're saying, I just made a fortune because I got my loan book protected; the loan book's probably better than we think," he says. "I could make a strong case that they're actually going to see as Huntington Bank"

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