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 ...

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 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 ...

First Citizens is accusing HSBC of orchestrating the mass resignations of dozens of former Silicon Valley Bank employees, including some based in Boston, to launch a competing venture banking unit.

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 ...

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 ...

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.

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'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 ...

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.

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: ...

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 ...