The bank’s rivals appear on firmer footing this time, in contrast with the widespread panic after the failures of Silicon Valley Bank and Signature Bank in March.
Category: Credit and Debt
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First Republic Bank Is Seized by Regulators and Sold to JPMorgan Chase
As part of its deal, 84 First Republic branches in eight states will reopen as JPMorgan branches on Monday.
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First Republic Lurches as It Struggles to Find a Savior
The bank is sitting on big losses and paying more to borrow money than it is making on its loans to homeowners and businesses.
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Pressure Mounts on China to Offer Debt Relief to Poor Countries Facing Default
There was optimism at the spring meetings of the I.M.F. and World Bank that China will make concessions over restructuring its loans.
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From Winemakers to Builders, Borrowers Brace for Fallout From Bank Turmoil
Economists are watching for the aftereffects of recent bank collapses across many industries. How bad could it get?
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After Doling Out Huge Loans, China Is Now Bailing Out Countries
Beijing is emerging as a new heavyweight in providing emergency funds to debt-ridden countries, catching up to the I.M.F. as a lender of last resort.
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Meet the Xi Jinping Loyalist Now Overseeing China’s Economy
He Lifeng’s long career in government has spanned the extremes of China’s approach, from the early embrace of small business in the 1980s to today’s tighter state control.
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Support Grows to Have Russia Pay for Ukraine’s Rebuilding
Although U.S. officials have cautioned against seizing Russia’s reserves in foreign banks, others say it’s “crazy” not to after Moscow’s war of aggression.
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Banks Are Borrowing More From the Fed: What to Know
As turmoil sweeps the United States financial system, banks are turning to the Federal Reserve for loans to get them through the squeeze.
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PacWest Bank Taps Credit Lines After 20% Drop in Deposits
The Los Angeles lender, which has come under scrutiny amid worries about midsize banks, said withdrawals had “stabilized.” It expressed confidence in its ability to raise cash.
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A Big Question for the Fed: What Went Wrong With Bank Oversight?
As the Federal Reserve reviews the failure of Silicon Valley Bank, and Congress prepares for hearings, bank oversight is getting a closer look.