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Could the factors that took down SVB combine for a rerun in 2024? - Banking Dive

Retrieved on: 2024-01-31 18:59:25

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Could the factors that took down SVB combine for a rerun in 2024? - Banking Dive. View article details on HISWAI: https://www.bankingdive.com/news/nycb-banc-california-pacwest-svb-signature-first-republic-pnc-fifth-third-citizens/706179/

Summary

The article discusses the challenging economic environment for regional banks in early 2024, following the 2023 failures of Signature Bank and Silicon Valley Bank, which affected confidence and profitability. The concept of a "Venture Capital fund" is tangentially related, as the article mentions slowdowns in private equity and venture capital affecting banks like First Citizens Bank. The tags correspond to the US banking crisis, regional economies, and key financial institutions mentioned.

Article found on: www.bankingdive.com

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