A relatively quiet Monday in US trading after a relatively positive weekend led markets to float relatively higher despite fading into the close. It started with First Citizens (FCNCA +53.7%) striking a deal to absorb SVB loans + deposits at a 23% discount out of the FDIC receivership, which now puts them in the top 15 lenders in the US with a $200b in assets… Then adding FRC (up as much as +36% in premkt trading, eventually closing +11.8%) was boosted higher on reports that US authorities may…
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