CNBC Daily Open: First Citizens made a good deal
Publishing timestamp: 2023-03-28 02:00:08
Summary
First Citizens Bank's purchase of Silicon Valley Bank's assets at a discount has boosted investor sentiment in regional banks, with First Republic and KeyCorp also seeing gains. Private equity deals in Asia-Pacific have plunged, while fund managers expect a muted market in 2022. Jack Ma's reappearance in China suggests a loosening of the government's grip on the tech sector. Meanwhile, technology shares are facing difficulties as the banking crisis hopefully gets contained.
Sentiment: MIXED
Tickers: FRC, GOOGL, AAPL, SIVB, BABA, PACW, KEY, META, FCNCA, .BBKA,
Keywords: first citizens bancshares inc (delaware), banks, alibaba group holding ltd, markets, jack ma, apple inc, first republic bank, svb financial group, alphabet inc, business news, keycorp, pacwest bancorp, meta platforms inc, world markets, economic events, deutsche bank ag,
Source: https://www.cnbc.com/2023/03/28/stock-markets-first-citizens-made-a-good-deal.html