"First Citizens in Talks to Acquire Silicon Valley Bank Amid Stock Sell-Off and Collapse"
First Citizens BancShares is reportedly evaluating making an offer for Silicon Valley Bank (SVB) as a potential buyer in the auction process for the failed bank. The Federal Deposit Insurance Corp. will decide on Sunday whether to pursue a full sale or breakup of SVB. First Citizens made a previous offer for SVB which was rejected for being too low. At least one other suitor is making a serious consideration for SVB.