The family behind First Citizens Bank has seen its wealth double to $2.2 billion after buying SVB's assets out of bankruptcy

Tech Insider
A woman walks in front of a First Citizens Bank branch in Raleigh, North Carolina.
A First Citizens Bank branch in Raleigh, North Carolina. First Citizens Bank has acquired assets from Silicon Valley Bank.

Melissa Sue Gerrits/Getty Images

Why First Republic failed, and what it means for the rest of the banking industry

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A pedestrian walks by the First Republic Bank headquarters on March 13, 2023 in San Francisco, California.
First Republic's San Francisco headquarters.

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Jamie Dimon says JPMorgan rescued First Republic because the government asked his bank 'to step up, and we did'

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Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co., speaks at the Economic Club of Washington September 12, 2016 in Washington, DC. Dimon joined a discussion on the state of U.S., global and regional economies.
Jamie Dimon is CEO of JPMorgan.

Win McNamee/Getty Images

Jamie Dimon is vying to take control of First Republic Bank, report says, after JPMorgan steered clear of SVB

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Jamie Dimon, JPMorgan
Jamie Dimon is CEO of JPMorgan.

Chip Somodevilla/Getty Images

My small business banked at SVB and almost lost $300,000. I worry some banks will never take care of Black of women founders.

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Mitch Gilbert, founder of Oya Femtech Apparel
Mitch Gilbert, the founder of Oya Femtech Apparel, banked with SVB.

courtesy of Oya

Treasury Secretary Janet Yellen said the SVB collapse is 'very different' from the 2008 crisis and that the financial system is 'significantly stronger than it was 15 years ago'

Tech Insider : Economy, Politics
Treasury Sec. Janet Yellen
U.S. Treasury Secretary Janet Yellen speaks during a news conference at the IMF and World Bank Annual Meetings at IMF headquarters, October 14, 2022 in Washington, DC. Secretary Yellen fielded a wide range of questions, including several on the economic impacts of the conflict between Ukraine and Russia.

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'Big Short' investor Steve Eisman says today's bank turmoil is nowhere close to a repeat of the 2008 financial crisis

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Steve Eisman
Steve Eisman.

Hector Retamal/AFP via Getty Images

Here's what it was like at the New York Stock Exchange the day Silicon Valley Bank collapsed, according to Wall Street's most famous trader

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trader
Trader Peter Tuchman has been at the New York Stock Exchange for almost 38 years.

AP Photo/Richard Drew

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