First Citizens Buys Silicon Valley Bank Assets -- and Regional Bank Stocks Rally 3/27/23
Squawk on the Street
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The Future of First Citizens
David Rothkopf: First citizens was not necessarily the likely candidate. But when a bank gets such a little haircut versus what I think the loan book's going to be, they got $72 billion loan book, $1650 discount. A lot of people feel they might be only like a 10% discount. It means that if you buy somebody, look, what happens to your stock? He says PNC did not have time to be able to get something together before; M&T Bank could easily do it.
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