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CNN CNN Newsroom June 4, 2024 14:30:00

This morning. this morning 17 branches of the field. silicon valley bank will reopen but under new name first citizens bank and trust company has officially bought svb and all of its deposits and loans. good news for depositors. right regulators shut down svb on march, 10th after clients withdrew $42 billion in one day , it was the second largest bank failure in u. s history. cnn business reporter matt eagan is joining us now and matt that collapse and tremors through the stock market. how are the markets reacting this morning on the virgin after learning this news? well, jessica and jim there s definitely a cyber leaf on wall street that the f d i c was able to find a buyer for silicon valley bank, the dow opening up about 200 points higher today, almost 1% and, you . for this chapter and also ....

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Virgin Orbit extends worker furlough, continues funding talks -CEO

Billionaire Richard Branson s cash-strapped Virgin Orbit Holdings will extend an unpaid furlough for most of its employees as talks seeking new funding continue, the company s chief executive said. | March 27, 2023 ....

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