SVB Financial Bonds Rise After $600 Million Cut to Tax Bill [Yahoo! Finance]
![Yahoo! Finance](../../../Content/images/providers/Yahoo! Finance.png)
First Citizens BancShares, Inc. - Class A (FCNCA)
US:NASDAQ Investor Relations:
firstcitizens.com/about/who-we-are/annual-report
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Source: Yahoo! Finance
parent of Silicon Valley Bank and removing an obstacle in its path to repaying creditors in Chapter 11. Most Read from Bloomberg Supreme Court Says Trump Has Some Immunity, Delaying Trial 24-Hour Stock Trading Is Booming – and Wall Street Is Rattled BlackRock Buys Preqin for $3.2 Billion in Private Data Push Trump as President or Private Citizen: Why Supreme Court's Immunity Ruling Is a Test France's Market Rally Falters as Investors See Enduring Risk The Internal Revenue Service agreed to reduce one of its tax claims from about $649 million to $43 million, according to court papers. The substantial reduction is related to resolution of a dispute over SVB Financial's use of a “mark-to-market” accounting method to value certain financial products. Some bonds tied to SVB were among the biggest gainers in high-yield debt trading Monday. The company's 1.8% notes due 2026 rose as much as 2.625 cents on the dollar to 63.625 cents, according to Trace. SVB Financial lawyer C
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FCNCA
News
- Chinese government bonds are on fire. That's ringing alarm bells in Beijing [Yahoo! Finance]Yahoo! Finance
- Chinese government bonds are on fire. That's ringing alarm bells in Beijing [CNN]CNN
- Fearing a bank crisis, China is sounding the alarm about a bond market bubble [CNN]CNN
- First Citizens BancShares, Inc. Announces Date of 2024 Second Quarter Earnings CallPR Newswire
- First Citizens BancShares, Inc. (NASDAQ: FCNCA) was upgraded by analysts at Raymond James from a "market perform" rating to an "outperform" rating. They now have a $1,900.00 price target on the stock.MarketBeat
FCNCA
Earnings
- 4/25/24 - Beat
FCNCA
Sec Filings
- 6/12/24 - Form 4
- 6/7/24 - Form SC
- 6/4/24 - Form 4
- FCNCA's page on the SEC website