Conservative NC Bank Takes Over Silicon Valley Bank

First Citizens Bank, based in Raleigh, is known for its conservative management approach and is “closely held”. The announcement that it was buying the failed Silicon Valley Bank culminated nearly a week of speculation. The Holding family, which founded and runs the bank, produced a recent Republican member of Congress […]

Will This Be The Trigger that Precipitates the System Collapsing?

If you listen closely to the end of the video, it does not appear that is the case. He seems to be saying this type of problem will affect some occasional banks; but this particular California bank was uniquely inattentive to the risks associated with investing its deposits. Good banks […]