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First Citizens Buys Silicon Valley as Press Declares Victory
First Citizens Bank has entered into an agreement with the FDIC to purchase a portion of the assets and deposits remaining from the failure of Silicon Valley Bank. This comes after a weekend full of closed-door meeting in Washington and on Wall Street that apparently accomplished little more than cookie-cutter statements about the "strength" of the banking system. The press has been quick to declare victory over the banking crisis.
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#FirstCitizensBank #bankrun #EndTheFed
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