Futures gain, with news that First Citizens has agreed to buy the deposits and loans of failed Silicon Valley Bank helping underpin sentiment.
U.S. stock futures were a tad firmer on Monday as traders welcomed waning signs of banking sector stress.
How are stock-index futures trading On Friday, the Dow Jones Industrial Average DJIA rose 132 points, or 0.41%, to 32238, the S&P 500 SPX increased 22 points, or 0.56%, to 3971, and the Nasdaq Composite COMP gained 37 points, or 0.31%, to 11824. News that First Citizens FCNCA has agreed to buy the deposits and loans of failed Silicon Valley Bank also is helping underpin sentiment.
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Valley National, First Citizens bidding for Silicon Valley: reportValley National Bank and First Citizens BancShares have reportedly submitted bids for the failed Silicon Valley Bank following it's collapse earlier this month.
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First Citizens said to be near deal for Silicon Valley Bank: reportFirst Citizens BancShares Inc (FCNCA.O) was in advanced talks to acquire Silicon Valley Bank (SIVB.O) and close to making a deal.
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First Citizens near deal to buy Silicon Valley Bank: reportFirst Citizens BancShares Inc. is close to a deal to acquire failed Silicon Valley Bank from the Federal Deposit Insurance Corp., according to a report late...
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First Citizens Nearing Deal for Silicon Valley Bank: BloombergRaleigh, N.C.-based First Citizens is the 30th largest bank in the U.S., with $109 billion in assets, and recently completed an acquisition of New York-based commercial lender CIT.
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First Citizens reportedly nearing deal to acquire Silicon Valley BankFirst Citizens Bank is reportedly nearing a deal to acquire the failed Silicon Valley Bank through an auction held by the Federal Deposit Insurance Corporation.
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