The FDIC's acquisition of Silicon Valley Bridge Bank has stirred up discussion and controversy within the cryptocurrency community. Read IB.
SNEAK PEEK
- First–Citizens Bank & Trust Company has acquired Silicon Valley Bridge Bank, National Association.
- First–Citizens Bank & Trust Company's deposits are FDIC-insured up to the maximum.
- Silicon Valley Bridge Bank, National Association's $72 billion assets were purchased for $16.5 billion.