First Citizens picks up SVB assets
First Citizens picks up SVB assets

First Citizens picks up SVB assets

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7 min
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<p>From the BBC World Service: It&#8217;s Monday, which means there&#8217;s another deal in the banking sector. First Citizens BancShares has bought all the loans and deposits of Silicon Valley Bank. Its collapse a few weeks ago triggered a crisis of confidence in the industry, but we&#8217;ve seen European banking shares trading higher today. Plus, a strike by two of Germany’s largest unions has brought public transport there to a near standstill. And, it&#8217;s 50 years since women were first allowed to work on the trading floors of the London Stock Exchange. We hear from some of the pioneers.</p>

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