First Citizens reduced about 3% of staff of SVB two months later after it purchases

Moscow. May 25. information agency "Interfaks" - the American First Citizens Bank, the new owner of assets of this year which have failed in March of Silicon Valley Bank (SVB), reduced about 500 employees, or about 3% of staff of SVB. "Considering difficulties which SVB at the beginning of 2023 faced, becomes more and more obvious that we need to make decisions for adjustment of scale of operations", - Holdings which is quoted by newspaper "The Financial Times" are told in the statement of the head of First Citizens Frank. Reductions mainly affected the corporate and administrative SVB functions, especially those spheres where arose...