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The Latest Breaking News from FDIC

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

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

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.

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

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

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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

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

The Independent UK

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

Banks submit First Republic bids to FDIC

The government hopes to resolve the fate of bank by Monday's open on Wall Street.

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JPM eyes First Republic as FDIC prepares takeover

JPM eyes First Republic as FDIC prepares takeover

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

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

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.

Strong Earnings Results Boost Stocks

Strong Earnings Results Boost Stocks

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Friday closed up +0.83%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.80%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.65%. Stock indexes Friday posted moderate gains, with the S&P...

SVB Securities to be rescued from limbo by end of May auction

SVB Securities to be rescued from limbo by end of May auction

According to SVB’s most recent bankruptcy filings, the company’s investment banking arm will be put on the block in May.

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

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.

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

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

The $100 billion meltdown of First Republic could play out 3 ways—and 2 are terrible for shareholders

The $100 billion meltdown of First Republic could play out 3 ways—and 2 are terrible for shareholders

The once high-flying bank has seen shareholders flee as concern mounts that the FDIC may have to step in.

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Markets Today: Stocks Continue Their Rally

Morning Markets The S&P 500 Index ( $SPX ) ( SPY ) today is up +0.46%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is up +0.40%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is up +0.30%. U.S. stock indexes are moderately higher,...

Markets Today: Weakness in Tech Stocks Weighs on Stock Index Futures

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are down -0.29%, and June Nasdaq 100 E-Mini futures (NQM2 3) are down -0.22%. U.S. stock index futures this morning are moderately lower. Weakness in technology stocks is weighing on the overall market after Amazon.com gave up a +12%...

What went wrong at Silicon Valley Bank? The Fed is set to release a postmortem report

The Federal Reserve and the FDIC are set to report Friday on their oversight of two failed banks. The banks' collapse six weeks ago rocked credit markets and raised the risk of recession.

ASX falls, Japan's Kirin to buy Blackmores for $2 billion, Wall St eases as First Republic banking crisis outweighs tech profits — as it happened

The Australian share market has fallen for the fifth session in a row, and vitamins firm Blackmores has soared after Japan's Kirin Holdings announced it would buy the natural health company for nearly $2 billion.

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Apple’s Ecosystem of Cash

In the race to offer the highest yields on savings, Apple expanded its cash ecosystem (Apple Pay, Apple Card, and “Pay Later”) with a 4.15% offer.

Tech-Stock Strength Partially Outweighs Banking Concerns

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -0.38%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.68%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.64%. Stock indexes Wednesday settled mixed, with the S&P 500...

Did Tweets Help Crash Silicon Valley Bank? Paper Shows New Social Media Risks

A new study on Silicon Valley Bank's demise links depositor flight and stock crash with Twitter mentions.

Synchrony Bank review 2023

Synchrony is an online-only bank with various, low-cost account options for savers.

Frank founder Charlie Javice put her money in Signature Bank after JPMorgan Chase fraud allegations

Javice rushed to pull her funds out of Signature Bank after it was taken over by the FDIC in March.

Are Your Bank Deposits Safe? What to Know

Recent bank failures have unnerved savers, but your money is protected up to certain limits. Here’s what you need to know.

The Independent UK

Bank rates are up. How to avoid leaving money on the table

After years of paying low rates for savers, banks are finally offering better interest on deposits

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