First Republic Bank fails: Was it a bailout? Tuesday, May 2(NEW YORK) -- The collapse of First Republic Bank on Monday left it under control of the U.S. government, which quickly sold the bank to JPMorgan Chase. The move aimed to shore up the financial system after a cascade of major bank failures.JPMorgan Chase,... Read More.
First Republic bank collapses, JPMorgan to take over, FDIC says Monday, May 1(NEW YORK) -- First Republic Bank has become the third bank to fail in recent months and the giant JPMorgan Chase will assume all of its assets, according to the Federal Deposit Insurance Corporation.The FDIC said the deal avoids the agency having to use... Read More.
Is the banking crisis over? Experts weigh in after First Republic Bank shares plunge Saturday, April 29(NEW YORK) -- Turmoil in the financial system returned this week as shares of First Republic Bank, the nation's 14th-largest lender, plummeted more than 75%.The selloff took hold after the bank revealed that depositors had fled en masse last month after the collapse of Silicon... Read More.
First Republic Stock plummets nearly 50% as banking trouble deepens Tuesday, April 25(NEW YORK) -- Shares of First Republic Bank plummeted nearly 50% on Tuesday as the banking crisis continued to ripple through the financial system.The regional lender, left in dire condition after the failure of Silicon Valley Bank last month, suffered a major loss of $102... Read More.
First Republic Stock plummets 25% as banking trouble deepens Tuesday, April 25(NEW YORK) -- Shares of First Republic Bank plummeted more than 25% in early trading on Tuesday as the banking crisis continued to ripple through the financial system.The regional lender, left in dire condition after the failure of Silicon Valley Bank last month, suffered... Read More.
