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Finance

First Citizens soars more than 50% after buying large chunk of failed Silicon Valley Bank

Photo illustration, the Silicon Valley Bank logo is visible on a smartphone, with the stock market index in the background on the personal computer...

Finance

Nearly $100 billion in deposits pulled from banks; officials call system ‘sound and resilient’

A view of Silicon Valley Bank headquarters in Santa Clara, CA, after the federal government intervened upon the bankâs collapse, on March 13, 2023.Nikolas...

Finance

Bank turmoil is boosting appetite for specific sector ETFs. Here’s why

It appears specific sector ETFs are gaining popularity as a way to cushion bank-turmoil fallout.According to VettaFi's Todd Rosenbluth, the trend applies to ETFs...

Finance

Here’s the inflation breakdown for February — in one chart

A customer shops at a grocery store in Brooklyn on Feb. 14, 2023.Michael Nagle/Xinhua via Getty ImagesThe annual inflation rate in February continued its...

Finance

Bill Ackman says U.S. did the ‘right thing’ in protecting SVB depositors. Not everyone agrees

A sign hangs at Silicon Valley Banks headquarters in Santa Clara, California on March 10, 2023.Noah Berger | AFP | Getty ImagesBillionaire investor Bill...

Finance

Investors implore the government to step in after Silicon Valley Bank failure

Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty ImagesBig names...

Finance

Silicon Valley Bank employees received bonuses hours before government takeover

Police officers leave Silicon Valley Banks headquarters in Santa Clara, California on March 10, 2023.Noah Berger | AFP | Getty ImagesSilicon Valley Bank employees...

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