European bank stocks rose for the first time in nearly a week on Monday, bouncing from last week's declines, after a buyer emerged for large parts of Silicon Valley Bank's deposits and loans, which helped ease some of the anxiety in the sector.
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Breaking: First Citizens snaps up Silicon Valley Bank — Branches open MondayFirst Citizens Bank is set to acquire all deposits and loans of Silicon Valley Bank, which will see all 17 SVB banks to be run by the North Carolina-based banking group.
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A suitor for SVB soothes broader markets, but default stress stalks banksA potential buyer for Silicon Valley Bank helped cast an uneasy calm over fragile markets on Monday, which have been roiled by worries of a credit crunch and wider systemic banking stress.
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SVB deal soothes broader markets, but default stress haunts banksA buyer for large chunks of Silicon Valley Bank's deposits and loans helped cast an uneasy calm over fragile markets on Monday, which have been roiled by worries of a credit crunch and systemic bank stress.
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SVB deal soothes broader markets, but stress haunts banksA buyer for Silicon Valley Bank's deposits and loans helped cast an uneasy calm over fragile markets on Monday, which have been roiled by worries of a credit crunch and systemic bank stress
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SVB deal helps to steady banks amid credit crunch concernsThe sudden collapse of tech-focussed SVB earlier this month destabilized the sector and drew some of Europe’s biggest banking names into investors’ focus.
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Asia wary, US stock futures up on SVB reportsInvestors hope that authorities are working to ring-fence stress in the global banking system.
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