First Citizens Bank & Trust Co. sued HSBC Holdings Plc for allegedly raiding dozens of employees from Silicon Valley Bank in a scheme dubbed “Project Colony” as First Citizens was taking over ...

On Monday, Raleigh’s family-owned First Citizens Bank & Trust sued the London financial giant HSBC in a North California district court, alleging that HSBC coordinated a scheme to steal key ...

First Citizens BancShares Inc , which acquired Silicon Valley Bank following its collapse, sued HSBC Holdings PLC on Monday, accusing it of poaching more than 40 of the failed bank's employees in ...

First Citizens BancShares, which acquired the failed Silicon Valley Bank after the federal government seized the firm in March, is suing British banking giant HSBC for allegedly illegally hiring ...

First Citizens Bank's $1 billion lawsuit accusing HSBC of illegally poaching employees from Silicon Valley Bank (SVB) after its collapse "is confusing and needs to be cleaned up," but the defects ...

Sabow, unbeknownst to First Citizens, joined HSBC within days of the British bank’s March 13, 2023, acquisition of SVB’s U.K. unit, then helped HSBC identify six key U.S. leaders as hiring ...

First-Citizens Bank and Trust Company v. HSBC Holdings plc et al 3:23-cv-02483 court: U.S., Northern District of California. Date Filed: May 22, 2023. Plaintiff: ...

Citizens Private Wealth, the registered investment advisor arm of Citizens Financial Group, has expanded its footprint in the New York market with the acquisition of MWI Wealth Partners, a team that ...

HSBC has denied wrongdoing and said Sabow's efforts to recruit from Silicon Valley Bank, which had about 8,500 employees when it collapsed, were legitimate and predated First Citizens' takeover.

First Citizens acquired Silicon Valley Bank, and it's accusing HSBC of breaking federal law by stealing around 40 SVB employees. HSBC has not admitted to any wrongdoing, and the case is still ongoing.

On Monday, Raleigh’s family-owned First Citizens Bank & Trust sued the London financial giant HSBC in a North California district court, alleging that HSBC coordinated a scheme to steal key ...