Are Deutsche Bank and Charles Schwab Actually in Trouble or is it Just Doomporn?
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Silicon Valley Bank Has a Buyer, First Citizens
Silicon Valley Bank has a buyer, first citizens. Branches of SVV will open as first citizens on Monday. The FDIC estimates the failure of SVV would cost the deposit insurance fund $20 billion. For citizens will gain all deposits and 72 billion of Silicon Valley bridge bank assets at a discount of 16.5 billion end quote.
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