First Citizens BancShares has agreed to buy deposits and loans of the failed Silicon Valley Bank from the Federal Deposit Insurance Corp., the FDIC announced late Sunday night. Silicon Valley Bridge Bank’s 17 branches will open as First–Citizens Bank & Trust Company on Monday, the FDIC said. First Citizens acquired around $72 billion of the bridge bank’s assets at a $16.5 billion...
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‘A Total Nightmare’: Transfer Delays With New Apple-Goldman Savings Accounts Prompt Complaints
When Kevin Smyth learned in April that Goldman Sachs and Apple were offering a savings account with higher yields than anyone else, he jumped at the chance to shift money that was earning less at another online bank. But within a few weeks, when he had to withdraw a small portion of the funds to pay for a home renovation, everything went awry. A transaction that was supposed to take one to...
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