UBS boss to lead new major bank after merger

Report: Silicon Valley Bank prospects

According to a media report, there are prospective buyers for the collapsed Silicon Valley Bank (SVB) in the USA. First Citizens BancShares is considering a bid, reports Bloomberg, citing insiders. At least one other company is also seriously considering a takeover. Initially, no comment was available from SVB and First Citizens.

The FDIC deposit insurance fund took over the SVB on March 10 and had already made an unsuccessful attempt to sell the institute.

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