PYMNTS-MonitorEdge-May-2024

bank auction

First Republic Deal Beefs Up JPMorgan’s Affluent Customer Ecosystem
First Republic Deal Beefs Up JPMorgan’s Affluent Customer Ecosystem
May 01, 2023  |  Banking

With a bit of government help and snapping up First Republic Bank, JPMorgan Chase continues to build out its network, crafting an ecosystem that now...

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First Citizens and Valley National Reportedly Competing for SVB Assets
First Citizens and Valley National Reportedly Competing for SVB Assets
March 26, 2023  |  Banking

Two regional banks are reportedly competing to purchase failed lender Silicon Valley Bank. First Citizens BancShares and Valley National Bancorp have filed bids with the...

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FDIC Seeing ‘Substantial Interest’ in Silicon Valley Bank
FDIC Seeing ‘Substantial Interest’ in Silicon Valley Bank
March 20, 2023  |  Banking

The Federal Deposit Insurance Corp. (FDIC) is seeing “substantial interest” in Silicon Valley Bank. The regulator said Monday (March 20) that it has extended the bidding...

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FDIC Plans to Try Again to Sell Silicon Valley Bank
FDIC Plans to Try Again to Sell Silicon Valley Bank
March 13, 2023  |  Banking

Silicon Valley Bank may be coming up for sale again. After failing to find a buyer for the failed bank in a Sunday (March 12)...

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Feds Auction Off Failed Silicon Valley Bank Amid Ongoing Fallout
Feds Auction Off Failed Silicon Valley Bank Amid Ongoing Fallout
March 12, 2023  |  Banking

U.S. regulators were reportedly auctioning off Silicon Valley Bank, whose failure last week continues to rock the financial world. The auction was underway Sunday (March...

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