Here are some of the most active stocks in premarket trade, as U.S. stock index futures were boosted on improving news from the banking sector.
Here were some of the most active stocks in premarket trade, as U.S. stock index futures were boosted on improving news from the banking sector.First Citizens Bancshares stock FCNCA jumped 26% as the North Carolina bank is buying $72 billion of assets from the fallen Silicon Valley Bank at a $16.5 billion discount, the Federal... Here were some of the most active stocks in premarket trade, as U.S. stock index futures were boosted on improving news from the banking sector.
Novartis NVS shares rallied 7% as the drugmaker reported positive trial data on a breast-cancer drug.BioNTech BNTX stock weakened 2%. The German vaccine maker reported profit and sales ahead of forecasts, but estimated €5 billion of COVID-19 vaccine revenue this year, down from €17.2 billion in 2022. It also said a renegotiation of the existing supply contract with the European Union may lead to a rephasing of dose deliveries across multiple years and/or volume reduction.
Pharming stock PHAR fell 14%, after surging 33% on Friday when the Food and Drug Administration approved a drug for APDS, a rare and progressive primary immunodeficiency.
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First Citizens Bank to buy SVB's deposits, loans from FDICFirst Citizens Bank & Trust Co will buy all of Silicon Valley Bank's deposits and loans from the Federal Deposit Insurance Corporation (FDIC), the regulator said in a statement.
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First Citizens Bank to buy SVB's deposits, loans from FDIC By Reuters⚠️BREAKING: *FIRST CITIZENS BANK TO BUY SILICON VALLEY BANK FOR UP TO $500 MILLION DOLLARS $FCNCA $SIVB
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First Citizens to acquire troubled Silicon Valley BankCustomers of SVB automatically will become customers of First Citizens, and the 17 former branches of SVB will open as First Citizens branches Monday.
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First Republic stock up 24%, leading regional lenders after First Citizens deal for Silicon Valley BankShares of First Republic Bank surged 24% in premarket trading on Monday and led a swathe of regional lenders higher, following news of that failed Silicon...
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Asia wary, US stock futures up on SVB reportsInvestors hope that authorities are working to ring-fence stress in the global banking system.
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SVB frayed trust in the banking systemAlmost no one understands how banks and bank accounts work — and the government isn't helping.
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