Good morning, readers.
Our reporters spent much of Monday digging into the consequences of First Citizens Bank's takeover of Silicon Valley Bank's assets and liabilities, including a look at what's next for the deal and First Citizens' history of acquiring troubled banks.
Meanwhile, the clock is ticking on office mortgage maturities and the stakes are high on these deadlines as owners and lenders negotiate over the fate of properties that, in some cases, neither one of them wants to own.
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