First Citizens Bank's acquisition of SVB assets leads financial winners by wide margin.
TL;DR
First Citizens BancShares led the financial winners for the week ended March 31, surging 67% after acquiring Silicon Valley Bank's deposits and loans. The Federal Reserve's balance sheet data also suggested that stress in the banking system is easing. Other top financial gainers included Nu Holdings, First Republic Bank, UBS Group, and Itaú Unibanco Holding.
Topics:businessfinance#federal-reserve#finance#first-citizens-bancshares#itau-unibanco-holding#silicon-valley-bank#ubs-group
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