First Republic Bank Archives

JPMorgan Buys First Republic Bank after Regulators Seize Control

JPMorgan Chase is buying First Republic Bank after the beleaguered institution was seized by the Federal Deposit Insurance Corporation (FDIC). As Slay News reported, First Republic collapsed late last week, marking the third significant implosion in under two months. Regulators stepped in after the First Republic's shares plunged further to…

First Republic Bank Collapses as Regulators Take Control

First Republic Bank has collapsed, marking the third significant implosion in under two months. The Federal Deposit Insurance Corporation (FDIC) has placed First Republic Bank under receivership. The bank, one of the largest in America, is the biggest financial institution to fail so far this year. As Slay News had…

One of America’s Largest Banks Is on Verge of Collapsing

First Republic Bank has seen its share prices plunge to new lows this week, taking the institution to the verge of collapsing. America's economy is still reeling from the sudden collapse of Silicon Valley Bank (SVB) and Signature Bank last month. However, it does appear that the financial system has…

Banks Are Borrowing Billions to Maintain Liquidity amid Banking Crisis, Fed Data Shows

U.S. banks are borrowing billions of dollars to maintain liquidity following the recent collapse of Silicon Valley Bank (SVB), data published by the Federal Reserve shows. Banks have borrowed a combined total of $164.9 billion from the central bank in recent weeks amid the banking crisis, according to Fed statistics released…

First Republic Bank Plunges 66%, Western Alliance Down 62%, Customers Begin Lining Up

The banking crisis deepened on Monday morning as several banks plunged in pre-market trading, causing customers to begin lining up to withdraw their funds. The news comes after the implosion of Silicon Valley Bank (SVB) on Friday, marking the second-largest U.S. bank collapse in history. On Sunday evening, regulators also…