Key Background. First Citizens purchased $72 billion worth of assets from SVB at a discounted price of $16.5 billion after the bank’s collapse in March.

NEW YORK (Reuters) -HSBC Holdings plc's U.S. unit has hired dozens of Silicon Valley Bank bankers led by David Sabow, who most recently led the technology and healthcare banking segment for the ...

Silicon Valley Bank’s British subsidiary will be acquired by the banking giant HSBC, the Bank of England announced on Monday as it emphasized the stability of the nation’s banking system.