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First Citizens' quarterly profit beats estimates as Silicon Valley Bank stabilizes

Retrieved on: 2024-04-25 16:48:09

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First Citizens' quarterly profit beats estimates as Silicon Valley Bank stabilizes. View article details on HISWAI: https://www.theglobeandmail.com/business/international-business/us-business/article-first-citizens-first-quarter-profit-tops-estimates-on-interest-income/

Summary

The article discusses how First Citizens BancShares' acquisition of the collapsed Silicon Valley Bank has led to a stronger-than-expected quarterly performance, showing resilience in capital markets despite the venture capital slowdown. The tags reflect the involved entities and the broader impact of SVB's collapse.

Article found on: www.theglobeandmail.com

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