The Latest Breaking News from First Republic Bank

Downtown San Francisco is in distress. Indicators of urban well-being point in the wrong direction: office occupancy, BART ridership and retail foot traffic are down, as is the city’s population. Every week brings news of another high-profile exit: Recent closures include a Whole Foods flagship and Nordstrom, which announced the…

The recent failures of a trio of midsize banks has once again raised questions on whether executive compensation is tilted toward short-term gains rather than companies' long-term health

Jim Grant has been writing the “Interest Rate Observer” every week since 1983—and routinely making prescient predictions.

Deeper Regional Banking Crisis Unlikely after Triple Failure: Kiplinger Economic Forecasts

The S&P 500 logged a weekly gain following the release of encouraging inflation data and a weaker-than-expected first-quarter.

Investors remain jittery over the future of regional banks. PacWest Bancorp (PACW) has seen its stock price plummet over the past few weeks on concerns over its ability to stay afloat. With news of the bank looking at several strategic options, including a sale, I believe it could be wise…

Billionaire investor believes ‘CEO and directors should suffer’ when banks they run get into trouble

A crisis of confidence in the US banking sector led people to pull their money from banks including Silicon Valley Bank and Credit Suisse, and more recently, First Republic Bank and California-based PacWest Bancorp. The way these events have unfolded have created a new term in the vocabulary of finance:…

The hedge fund manager has called for stronger government intervention, including full depositor protection, since turmoil began in early March.

Major Asian stock exchanges sank on Wednesday on renewed investor concerns that a softening US economy and troubles with that country's regional lenders could slow Asia's growth.

Market expectations are for the Federal Reserve later today to raise the federal funds target range by +25 bp to 5.00%-5.25%, the highest since 2007. The markets are also expecting the Fed to signal a pause in its rate-hike campaign, with tighter lending conditions and signs of a slowing economy...