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More Americans are set to lose their jobs as five companies, including Verizon, Planned Parenthood and Disney, announced layoffs this week.
The Holding Family seized an opportunity to expand its First Citizens' banking empire through the sudden crash of Silicon Valley Bank, Forbes reported.
First Citizens bank will acquire $72 billion of SVB loans at a discount of $16.5 billion. Another $90 billion of assets will remain receivership of the FDIC.
Silicon Valley Bank, once triumphantly dubbed the “financial partner of the innovation economy,” before its recent historic collapse, is being