First Citizens “paid” a negative $16bn in equity for Silicon...

First Citizens “paid” a negative $16bn in equity for Silicon Valley Bank. They didn’t buy the ~$90bn deep-red securities portfolio. The FDIC will also cover 50% of commercial loan losses >$5bn.
A year ago professional investors were buying the equity of $硅谷银行(SIVB.US)$ at $35bn. $First Citizens BancShares(FCNCA.US)$