The key to the First Citizens strategy for Silicon Valley Bank takeover

By Mariko Oi Business reporter The new owner of Silicon Valley Bank's (SVB) US operations, First Citizens, is cutting around 500 roles held by former SVB...

HSBC is set to announce next month that the UK arm of Silicon Valley Bank (SVB) will be renamed HSBC Innovation Banking, Sky News reported on Monday (May 29).

RALEIGH, N.C. (AP) The bank that acquired the remnants of Silicon Valley Bank after it failed amid a March bank run announced layoffs Wednesday. First...

The mass layoffs come as Raleigh-based First Citizens Bank works to rightsize its scope and scale to remain competitive.

Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide HSBC is set to...

First Citizens Bank has been facing pressure from politicians and community groups to honor a community benefits plan that Silicon Valley Bank reached prior...

The mass layoffs come as the Raleigh bank works to right-size its scope and scale to remain competitive.

For UMB Bank, the acquisition of local community bank advisory Hybarger & Associates is all about taking advantage of an opportunity to set itself apart...

"We mourn the losses and continue to support and care for the victims of the tragic event on April 10th, Old National Bank CEO Jim Ryan said. Out of respect...

Seamen's Bank's branch located in Wellfleet, Massachusetts. President and CEO Lori Meads decided to err on the side of transparency when it came to...

Bank failures were supposed to be a thing of the past after 2008. And yet the second- and third-largest bank failures in U.S. history happened in March and...

A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take...

Revising the merchants value strategy is on the to-do list for CEO Tom Kingsbury.

After First Citizens acquired SVB in March, HSBC poached 42 bankers, misusing SVB's confidential, proprietary and trade secret information to execute their...

It has never been easier to open a bank account, especially with the spread of online services, but there has also never been so much choice about where to...

As we all digest the events that occurred in March, the consensus from the financial industry is that Silicon Valley Bank, the 16th largest bank in the U.S.,...

Dina Powell McCormick, who runs Goldman Sachs' sovereign business, plans to leave to take a post at a merchant bank run by former partners of the Wall Street...

FIRST Citizens Bank & Trust sued HSBC Holdings for allegedly raiding dozens of employees from Silicon Valley Bank in a scheme dubbed Project Colony as...

This week, layoffs came to Silicon Valley Bank as new owner First Citizens Bancshares said it was letting 500 of the Santa Clara-based bank's employees go....

Directors and other insiders at First Guaranty Bancshares in Hammond, Louisiana, bolstered the company's capital with a $10 million private placement. First...