SVB's Asian customers face pressure to repay outstanding loans to First Citizens Bank

SVB's Asian customers face pressure to repay outstanding loans to First Citizens Bank

FILE PHOTO: Customers wait outside as an employee enters the Silicon Valley Bank branch office in downtown San Francisco, California, U.S., March 13, 2023. REUTERS/Kori Suzuki/File Photo

Silicon Valley Bank’s customers in Asia whose deposits were recently seized by the US Federal Deposit Insurance Corp (FDIC) are under pressure to repay loans to First Citizens Bank, The Wall Street Journal reported on Monday.