Jim Cramer's Fascinating Take on the Sale of Failed Silicon Valley Bank
The troubled banking system that seemed like it was on the brink of collapse earlier this month is having a breakthrough moment.
That is at least according to CNBC's Jim Cramer, who took to Twitter Monday morning to make the case that First Citizen's (FCNCA) - Get Free Report purchase of what's left of Silicon Valley Bank is a positive sign for the industry. $First Citizens BancShares(FCNCA.US$
"First Citizens will be an interesting match with the folks in the Valley. I think that this shows there is real value in the carcass," Cramer tweeted to his two million followers Monday.
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