Replies to post #751732 on Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

FDIC takes a 1/2B equity stake in First Citizens Bank from the resolution of SVB:

“In addition, the FDIC received equity appreciation rights in First Citizens BancShares, Inc., Raleigh, North Carolina, common stock with a potential value of up to $500 million,” the FDIC said in a release."

https://www.cnbc.com/2023/03/27/first-citizens-bank-to-buy-silicon-valley-banks-deposits-and-loans.html

"In addition, the FDIC received equity appreciation rights in First Citizens BancShares, Inc., Raleigh, North Carolina, common stock with a potential value of up to $500 million."

https://www.fdic.gov/news/press-releases/2023/pr23023.html

First Citizens stock was up 54% today.