James Herbert was permitted to sell nearly $7 million of shares before First Republic Bank’s demise last year, Massachusetts regulators said.
Category: First Republic Bank
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JPMorgan’s Profit Jumps, but Interest Rates Remain a Threat
It was another quarter of banner financial results for the largest lender in America.
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‘Do You Even Want Us to Exist?’ A Bank Chief Fights to Survive.
The banks at the center of the recent crisis, like Western Alliance, are engaged in collective soul-searching.
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JPMorgan’s Succession Plans for Jamie Dimon May Weigh on Investors
Revelations about rivals’ plans may prompt the bank’s shareholders to ask about who will replace Jamie Dimon at an annual investor gathering on Monday.
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Calls to Investigate Short Sellers Intensify as Bank Crisis Deepens
Jamie Dimon is the latest to urge action against the traders who have targeted the regional lenders and made huge profits.
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What to Watch in Today’s Jobs Report
The latest employment data will be published days after the Fed signaled it was ready to pause raising interest rates.
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Smaller Banks Are Scrambling as Share Prices Plunge
Investors are not convinced that regional banks including PacWest and Western Alliance can remain viable. Some are actively betting on their demise.
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Powell Bets the Fed Can Slow Inflation Despite Recession Fears
Jerome H. Powell, the Federal Reserve chair, thinks his central bank can defy history to clinch slower inflation and a soft economic landing.
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Goldman Says U.S. Is Investigating Its Work for Silicon Valley Bank
Hired to help with a capital raise, Goldman Sachs advised SVB to make a move that provoked a public panic and ended with the smaller bank collapsing.
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PacWest Says It’s Exploring Options After Shares Plunge
An intensifying challenge for bankers and regulators is how to keep the turmoil in the stock market from spilling into the lenders’ day-to-day businesses.