First Citizens Bank's acquisition of SVB assets questioned by Jim Cramer and praised by Chris Whalen

CNBC's Jim Cramer said that the Federal Reserve will continue to raise interest rates as long as the mini-banking crisis persists, but if a larger bank fails, the end to rate hikes would arrive faster, along with "a lot more pain." First Citizens Bancshares' takeover of Silicon Valley Bank does not necessarily act as a solution for the bank run problem, and Cramer pointed out that the system is not ready for a wave of bank failures.