Banking on Redemption
Shares of New York Community Bank (NYCB) surged on Thursday, propelled by news of a $1 billion rescue orchestrated by former Treasury Secretary Steven Mnuchin and his firm, Liberty Strategic Capital.
Financial Turbulence and R...
Banking on the Unusual
In an unexpected turn of events, a federal agency has taken control of Silicon Valley Bank and First Republic Bank, leading to the auctioning of their prized wine collections. This intriguing development sheds light on the unc...
First Citizens Bank cements position as major player in US banking with Silicon Valley Bank takeover
Deal betyween banks
First Citizens Bank, shortly FCB, has recently made headlines with its announcement of the acquisition of Silicon Valley Bank's US operations, following the bank's collapse.
This deal...
Exploring the valuable assets held by Signature Bank in the US
The recent collapse of Signature Bank (SB) has resulted in its acquisition by New York Community Bancorp (NYCB), making it the 3rd largest bank failure in US history with asset...
Banks started offering a new type of account
A huge number of consumers are unable to cash a cheque or visit an ATM because they are not customers of ordinary banks.
Consumers are not the owners of bank accounts and the reason for this is the lack ...
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