International banking

First Citizens BancShares Buys Silicon Valley Bank’s Assets after Collapse.

First Citizens BancShares, based in Raleigh, North Carolina, has acquired the assets and loans of Silicon Valley Bank (SVB), which was seized by US regulators earlier this month after a run on the bank. The failure of SVB, one of the largest bank failures in the US since the financial crisis of 2008, triggered fears […]

Economy International

Global economy is heading into a decade of low growth, economist says

by irsha
December 28, 2022
0 Comments

The global economy is heading into a decade of low growth, according to acerbating Factors such as the persistent Covid-19 pandemic and escalating tensions between the U.S. and China. This could have severe implications for businesses and consumers around the world. Daniel Lacalle, author and chief economist at Tressis Gestion, told CNBC’s “Squawk Box Europe” […]