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The Latest Breaking News from FDIC

Former CEOs of failed banks to testify before Senate panel

The former top executives of two failed banks will testify before Congress this month

The Independent UK

Popular Direct Review 2023

Fortune

Banking Crisis: I Thought I’d Lost My House Down Payment, But Here’s Why it All Worked Out

When banks are in crisis, there are important things to remember to stay calm.

Kiplinger

From analysis to the latest developments in health,
read the most diverse news in one place.

Charlie Munger Warns That The Fall Of Property Values With Banks Full Of Bad Loans

Berkshire Hathaway distanced itself from Silicon Valley Bank and Signature Bank with history supporting instable banks.

Zenger

Citibank CEO ‘very pleased’ First Republic’s demise eliminates the last big threat from banking's recent turmoil

With the collapse of the second-largest commercial lender in U.S. history, Citi’s Jane Fraser believes the financial sector is now poised to draw a line under the crisis.

Fortune

How JPMorgan turned First Republic's nightmarish week into a dream scenario for shareholders

A Fortune report explains what propelled JPMorgan to land First Republic’s assets in an auction with several rival bidders.

Fortune

US banking crisis: Is your money safe?

As another US bank collapses, here’s what you need to know about how to keep your money safe.

Al Jazeera

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First Republic Bank seized, sold in fire sale to JPMorgan

In the second-largest bank failure in U.S. history, officials seize First Republic Bank, selling its deposits and most of its assets. It’s the third midsize bank to fail in two months.

Chicago Sun-Times

First Republic Bank Fails As Former Treasury Secretary Larry Summers Warns The Consequences To Come

The failed bank was taken over by the FDIC and taken over by JPMorgan Chase A Month After Received A $30 billion deposit

Zenger

Stocks Settle Slightly Lower on Higher Bond Yields

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Monday closed down -0.04%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.11%. Stock indexes Monday gave up early gains and settled...

Barchart

Stock Market Today: Stocks Struggle After JPMorgan Buys First Republic

It was a choppy day for stocks as investors considered another bank failure.

Kiplinger

JPMorgan clears the First Republic wreckage—and notches a $92 billion coup for investors who love the deal

Overnight, the nation's biggest bank added significant heft and stabilized the shaky outlook for regional banks.

Fortune

FDIC recommends overhauling US insurance deposit system

The Federal Deposit Insurance Corp. is recommending the U.S. rethink its decades-old policy of insuring only as much as $250,000 in bank deposits

The Independent UK

The banking crisis is over, according to Jamie Dimon: “The banking system is very stable”

Dimon says that First Republic was the last of the troubled banks to fall.

Fortune

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Barchart

Stocks Mostly Higher on Corporate Earnings and Economic Optimism

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.24%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.40%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.17%. U.S. stock indexes this morning are mixed, with the...

Roll Call

FDIC recommends raising deposit insurance cap for businesses - Roll Call

The FDIC recommends that Congress raise the cap on deposit insurance for business payment accounts to avoid disruption in bank failures.

Barchart

Markets Today: Stock Indexes Modestly Higher as JPMorgan Acquires First Republic

Morning Markets The S&P 500 Index ( $SPX ) ( SPY ) today is up +0.23%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is up +0.31%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is up +0.06%. U.S. stock indexes this morning are...

Salon

First Republic Bank collapses, seized

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

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Reason

Regulators Seize First Republic Bank and Sell It to JPMorgan Chase

Plus: Twitter complies with a greater portion of government censorship requests, a judge allows an antitrust suit against Google to go forward, and more...

Barchart

Markets Today: Stock Index Futures Modestly Lower as JPMorgan Acquires First Republic

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are down -0.10%, and June Nasdaq 100 E-Mini futures (NQM2 3) are down -0.20%. U.S. stock index futures this morning are modestly lower. The markets are awaiting quarterly earnings results this week from Apple, Advanced Micro Devices, and Ford...

Fortune

Microsoft chief scientific officer Eric Horvitz says few aspects of humanity will be replaced by A.I.

“I put a lot of my time and attention into this, because I think it really threatens to erode democracies,” says Horovitz.

Daily Mirror

JP Morgan to take over US bank First Republic after lender becomes third to collapse

Banking giant JP Morgan will take over $295 billion (£236 billion) in assets and liabilities of First Republic Bank after the third major US institution collapse in the last two months

The Independent UK

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

Recent bank failures may have you worried about your money

Kiplinger

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.

The Guardian - UK

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

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