First Citizens Buys Silicon Valley Bank Assets -- and Regional Bank Stocks Rally 3/27/23
Squawk on the Street
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Introduction
First citizens agrees to acquire failed Silicon Valley bank assets plus sales force and Elliott make peace the activist investor, dropping its direct or nomination plans. Apple CEO praises China's innovation and company's long ties to the region. Two-year yield clause that's way back to near 4% ahead of a busy week of housing and inflation data.
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Transcript
