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The Latest Breaking News on Financial Services

First Republic's failure may lead to other woes

Struggling banks — even if they're not failing — are bad news for economic growth.

Axios · May 1, 2023

First Republic Bank collapses, seized

"Ultimately taxpayers will be on the hook," Sen. Elizabeth Warren warned

Salon · May 1, 2023

Full list of 76 bank branches that will shut FOREVER this month including HSBC, Halifax & TSB

According to Which? since 2015 over 5,500 bank and building society branches have shut their doors as more people shift to online services to manage their money

Daily Mirror · May 1, 2023

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Is my money safe? What you need to know about bank failures

Recent bank failures may have you worried about your money

The Independent UK · May 1, 2023

Five Places to Put Cash Rather Than in the Bank

FDIC sweep programs, money market funds, Treasuries and more could be alternative places to stash cash instead of keeping it in the bank.

Kiplinger · May 1, 2023

JP Morgan boss plays down risk of crisis after second biggest bank failure in US history

Jamie Dimon’s remarks follow $10.6bn takeover brokered by US regulators to buy most of failed First Republic

The Guardian - UK · May 1, 2023

First Republic Bank seized by US regulators and sold to JP Morgan Chase

Drastic intervention to contain third US bank failure in two months

The Independent UK · May 1, 2023

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JPMorgan Chase buys troubled First Republic Bank after U.S. government takeover

JPMorgan Chase is taking over First Republic after the troubled bank was placed in the FDIC's receivership in the latest failure in the banking system.

WEKU · May 1, 2023

London hotel named in honour of the King's big day

London Bank's Premier Inn has had a new signage - and has been renamed the "Cor-Inn-nation", in honour of the special day.

Wales Online · May 1, 2023

US authorities 'auction' First Republic Bank to JPMorgan after second biggest bank failure in history

US regional bank First Republic had a little more than $301 billion worth of assets and around 7,000 employees.

ABC News · May 1, 2023

Barclays bank put my £350,000 out of reach after Brexit changes

I am out of work and need it but it shut down my account here in Spain

The Guardian - UK · May 1, 2023

First Republic in limbo as US regulators juggle bank's fate

Regulators are searching for a solution to First Republic Bank’s woes, hoping to find a way forward before U.S. stock markets open Monday

The Independent UK · May 1, 2023

Stock market today: Tokyo gains, most Asian markets closed

Shares have advanced in Tokyo and Sydney while most Asian markets were closed for May 1 holidays

The Independent UK · May 1, 2023

First Republic Bank’s fate is up in air as regulators seek a solution to its woes

First Republic is seen as the next bank likely to fail after Silicon Valley Bank, Signature Bank because of its amount of uninsured deposits and exposure to low interest rates.

Chicago Sun-Times · May 1, 2023

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The Independent UK · Apr 30, 2023

First Republic up in air as regulators juggle bank's fate

Regulators continued their search for a solution to First Republic Bank’s woes over the weekend before stock markets were set to open Monday

ABC News · Apr 30, 2023

Losing interest rate floor has led to 'bad outcomes' for many Australians, says former senior bank regulator

The scrapping of the interest rate floor five years ago has led to "bad outcomes" for many Australians who secured ultra-cheap home loans during the pandemic and are now facing a fall over the mortgage cliff, says a former head of credit risk at the nation's financial regulator.

The Guardian - UK · Apr 30, 2023

Time running out for US financial firms to bid for ailing bank First Republic

Deadline of Sunday set for companies such as JPMorgan Chase to table offer for California bank whose shares have plummeted

The Guardian - UK · Apr 29, 2023

Old ghosts of Staley – and Epstein – haunt Barclays once again

A new lawsuit against its former boss does not involve the bank, but awkward questions may be asked at this week’s AGM

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Axios · Apr 29, 2023

JPM eyes First Republic as FDIC prepares takeover

The regional bank has lost 97% of its value since March.

ABC News · Apr 29, 2023

Spectre of first global credit crunch since global financial crisis emerges as another US bank faces collapse

The US Federal Deposit Insurance Corporation is reportedly preparing to place First Republic Bank under receivership, which would make it the third US bank to collapse this year.

Bangkok Post · Apr 28, 2023

KAsset is feeling bullish on China amid reopening

Kasikorn Asset Management (KAsset), the largest mutual fund company by assets under management (AUM), reports a healthy start to the year with net inflows of more than 30 billion baht in the first quarter.

Bangkok Post · Apr 28, 2023

Asian shares revive after big US tech rally

RECAP: Shares in Asia rallied yesterday after robust earnings from tech giants Meta, Microsoft and Alphabet buoyed Wall Street, where the S&P 500 had its best day since the first week of the year.

StockNews.com · Apr 28, 2023

Market Dip? No Problem: These 2 Stocks Are Still a Great Buy

Unrest in the banking sector, worsened by the rising interest rate environment, has reignited market volatility and sparked a sell-off. Nevertheless, the recent market dip could provide an excellent opportunity for investors to buy fundamentally sound cheap stocks Murphy USA Inc. (MUSA) and Stride, Inc. (LRN), which could surge soon.…

The Independent UK · Apr 28, 2023

Fed blames itself for Silicon Valley Bank collapse

Silicon Valley Bank failed due to a combination of extremely poor bank management, weakened regulations and lax government supervision, the Federal Reserve said Friday

Axios · Apr 28, 2023

Federal Reserve will consider tougher rules for banks after Silicon Valley Bank failure

The proposals come in an internal review that found looser rules were a key culprit behind Silicon Valley Bank's collapse.

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