The Federal Reserve's aggressive interest rate hikes throughout the majority of 2023 fueled a race for consumer deposits that pushed bank executives to offer competitive — yet costly — savings rates.

After acquiring the remains of Silicon Valley Bank in March, First Citizens BancShares is counting on higher rates at its direct bank — as well as outreach to the failed bank's customers, many of whom ...

In an exclusive interview with Finextra, Chris Powell, head of deposits and customer engagement at Citizens, reveals how open finance has powered simpler switching and streamlined mobile payments.

About $685 billion, or 3.8% of all deposits, have left insured banks since the start of the year. Most of the exodus took place after the March failures of Silicon Valley and Signature Bank.

First Citizens Bank will buy "all the deposits and loans" of Silicon Valley Bank in the wake of SVB's collapse earlier this month, the Federal Deposit Insurance Corporation announced late Sunday.

You can access preferred rates that range from 0.05% to 2.75% if you deposit at least $25,000 not currently held with Citizens Bank. The highest money market account tier is the Citizens Private ...

Some customers of Citizens Bank are experience slow-moving transactions because of "vendor processing" issues. If you purchase a product or register for an account through a link on our site, we ...

First Citizens Bank & Trust Co will buy Silicon Valley Bank’s deposits and loans, the U.S. Federal Deposit Insurance Corporation said Monday, just over two weeks after the biggest U.S. banking ...

The bank reported a $9.5 billion profit in the quarter. First Citizens also reported acquisition-related expenses of $28 million. But its loans and deposits increased significantly – driven by SVB.