First Citizens BancShares Inc (FCNCA.O) was in advanced talks to acquire Silicon Valley Bank (SIVB.O) and close to making a deal.
First Citizens BancShares was in advanced talks to acquire Silicon Valley Bank and close to making a deal,First Citizens could reach a deal as soon as Sunday to acquire Silicon Valley Bank from the Federal Deposit Insurance Corp , the report said.
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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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Gordon Moore, Silicon Valley pioneer who co-founded Intel, dies at 94Moore was known for innovations in semiconductors that helped transform the computer into the defining tool of modern life. His prophecy that computing capacity would grow exponentially — and with decreasing costs — was dubbed Moore’s Law.
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What Silicon Valley Bank Did RightThere’s a reason Silicon Valley Bank became such a fixture among startups: it understood their needs better than any other bank. Even now, many banks don’t have the flexibility and understanding to make banking easy for startups. With SVB gone, a lot of young companies will find it harder to manage their finances.
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Chip legend Gordon Moore leaves behind a Silicon Valley looking for its next big thingGordon Moore, a founding father of Silicon Valley, died Friday at 94, with his passing marking the further end of a golden era for the technology industry.
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