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Update: First Citizens acquires $72 billion in assets of defunct Silicon Valley Bank following FDIC concessions


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1 minute ago, sblfilms said:


I may be misunderstanding it, but I think the point was that the cost of the 20 billion will be paid for via higher fees to all FDIC member banks. Basically the same thing that happens anytime an insurance pool pays out a large claim, the result is higher premiums to the members of the pool to replenish.

Yeah I misread that. Whoopsie 

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