First Citizens BancShares is reportedly weighing a possible bid for the failed Silicon Valley Bank.
Fox News contributor Kim Strassel responds to the bank failure and provides insight on ESG investing standards on 'Kudlow.'
The Federal Deposit Insurance Corp. will decide on Sunday whether to pursue a full sale or breakup of Silicon Valley Bank.The firm is reportedly evaluating making an offer for SVB. The lender based in North Carolina is among the handful of potential buyers for the auction process for the failed bank, said a person familiar with the situation.
In this photo illustration, First Citizens Bank logo is seen on a smartphone screen in front of First Citizens Bancshares logo in the background.the person told Bloomberg.First Citizens acquired commercial lender CIT Group Inc. for more than $2 billion in a deal that closed last year.
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