News Snapshot:
A potential buyer for Silicon Valley Bank helped cast an uneasy calm over fragile markets on Monday, which have been roiled by worries of a credit crunch and wider systemic banking stress. First Citizens BancShares Inc was in advanced talks to acquire SVB from the Federal Deposit Insurance Corp, a person familiar with the matter told Reuters. North Carolina-based First Citizens has around $109 billion in assets and total deposits of $89.4 billion. Bloomberg News, which first reported the development, said a deal could be reached soon. That gave markets some respite as it was the first weekend in several...
