Silicon Valley Bank's U.S. stock price plummeted 97.41% before the market opened, and Signature Bank's U.S. stock price fell more than 99% before the market opened.

Binance News · 2023-03-28T12:42:14.000Z

Silicon Valley Bank's U.S. stock price plunged 97.41% before the market opened, closing at $2.75. Previously, First Citizens Bank agreed to acquire Silicon Valley Bank. The transaction included the purchase of approximately US$72 billion of the assets of Silicon Valley Bank's transition bank at a discount of US$16.5 billion, and all deposits assumed by First Citizens Bank will continue to be insured by the FDIC, up to reaches the insurance limit. Signature Bank's U.S. stocks fell more than 99% before the market opened and will begin over-the-counter (OTC) trading on Tuesday. (Golden Ten)

Silicon Valley Bank's U.S. stock price plummeted 97.41% to $2.75 before the market opened. Previously, First Citizens Bank agreed to acquire Silicon Valley Bank. The transaction included the purchase of approximately $72 billion of the assets of Silicon Valley Bank's transition bank at a discounted price of $16.5 billion, and all deposits assumed by First Citizens Bank will continue to be insured by the FDIC up to the insurance limit.
Signature Bank's US stock price fell more than 99% before the market opened and will start over-the-counter (OTC) trading on Tuesday. (Jinshi)