Help! My Bank Failed. Now What? [CNET News]
First Citizens BancShares, Inc. - Class A (FCNCA)
US:NASDAQ Investor Relations:
firstcitizens.com/about/who-we-are/annual-report
Company Research
Source: CNET News
From the fall of 2020 to the beginning of 2023, not a single bank had to shut its doors. Then, in March 2023, Silicon Valley Bank collapsed, making it the second-biggest bank to ever fail in the US. Less than two months later, First Republic claimed that badge of dishonor. And just last week, Republic Bank was acquired by Fulton Bank after being seized by state regulators. Does this mean the financial industry is in trouble? While news of bank failures may seem scary, you probably don't need to stay up at night stressing over whether the money in your checking and savings account is safe, thanks to insurance coverage designed to help consumers get most of their money back if their bank disappears. Here's what you need to know. Recent bank failures Five banks failed in 2023: Silicon Valley Bank, Signature Bank, First Republic Bank, Heartland Tri-State Bank and Citizens Bank (not this Citizens ). Republic Bank's failure is the first we've seen in 2024. While bank failures are c
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FCNCA
News
- Could Silicon Valley Bank happen again? ‘The short answer is, yes,' says professor who sees $2 trillion of losses on the books [Yahoo! Finance]Yahoo! Finance
- Could Silicon Valley Bank happen again? ‘The short answer is, yes,' says professor who sees $2 trillion of losses on the books [Fortune]Fortune
- The Great Financial Crisis kick started the private credit boom, but SVB was its true ‘watershed' moment, Sixth Street co-president says [Yahoo! Finance]Yahoo! Finance
- The Great Financial Crisis kick started the private credit boom, but SVB was its true ‘watershed' moment, Sixth Street co-president says [Fortune]Fortune
- Carlyle to Buy Sungage Residential Solar Loans as Banks Retreat [BNN Bloomberg (Canada)]BNN Bloomberg
FCNCA
Earnings
- 4/25/24 - Beat
FCNCA
Sec Filings
- 5/10/24 - Form 4
- 5/9/24 - Form 10-Q
- 5/7/24 - Form 4
- FCNCA's page on the SEC website