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After 14 acquisitions since 2021, CEO Rob Mackay says the PE-backed regtech company is aiming for at least two more deals annually as it scales in the U.S. market.
SVB Financial Trust says First Citizens BancShares never acquired or got permission to use the Silicon Valley Bank name when it bought the bank's assets.
Simon spearheaded an industry lifeline to First Republic Bank and ultimately stepped in to buy the lender last week when those efforts proved insufficient.
JPMorgan will take over First Republic’s assets, including about $173 billion of loans and $30 billion of securities, as well as $92 billion in deposits.