US bank regulator considering legal action against former SVB executives [Yahoo! Finance Canada]
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 Canada
Gruenberg, a Democrat appointed by President Joe Biden, has said he plans to retire from the agency on Jan. 19. But the decision to authorize potential legal action was unanimously approved by the FDIC board, which includes both Democrats and Republicans. The FDIC took over Silicon Valley Bank (SVB) in March 2023 when the bank suffered a sudden run on its deposits after reporting that it needed to raise more capital to offset losses on its portfolio. Gruenberg said in his prepared remarks, which came as part of a closed meeting of the FDIC board, that the bank's leadership had mismanaged several aspects of the bank's finances, precipitating its collapse. In a bid to stave off a broader panic across the banking system, the FDIC was authorized to backstop all the deposits at the bank, including large amounts of uninsured deposits, costing its deposit insurance fund an estimated $23 billion. "As a result of the mismanagement... SVB suffered billions of dollars in losses for which
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FCNCA
News
- Circle CEO Jeremy Allaire worked his way up from selling baseball cards as a kid to having one of the most influential IPOs of the year [Fortune]Fortune
- First Citizens BancShares (NASDAQ:FCNCA) had its "buy (b-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Female exec moves to watch this week, from Binance to Supergoop [Fortune]Fortune
- Spending and Saving Better in the New Year: Americans will spend an average of $4,700 to achieve their New Year's ResolutionsPR Newswire
- How Recent Developments Are Rewriting The First Citizens BancShares Investment Story [Yahoo! Finance]Yahoo! Finance
FCNCA
Earnings
- 10/23/25 - Beat
FCNCA
Sec Filings
- 12/9/25 - Form 144
- 12/5/25 - Form D
- 12/1/25 - Form 4
- FCNCA's page on the SEC website