As part of its deal, 84 First Republic branches in eight states will reopen as JPMorgan branches on Monday.
Category: First Republic Bank
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First Republic Nears Federal Seizure as F.D.I.C. Seeks Buyers
JPMorgan and PNC, two of the country’s largest banks are said to be interested in acquiring the troubled lender after it is seized by the Federal Deposit Insurance Corporation.
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First Republic’s Shares Slide as Its Fate Remains Uncertain
Among investors at least, First Republic’s troubles seem contained to the bank itself. The S&P 500 and an index of bank stocks were higher on Friday.
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First Republic Struggles to Find a Deal as Biden Officials Weigh a Response
The troubled lender is working on a lifeline, but time is running out.
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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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U.K. Watchdog Blocks Microsoft’s Bid to Buy Activision
The British antitrust watchdog blocked the takeover attempt, in a decision that will be closely watched in Washington and Brussels.
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First Republic Bank Enters New Free Fall as Concerns Mount
The bank’s shares fell by about 50 percent on Tuesday, a day after it said customers had pulled $100 billion in deposits in the first quarter.
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The Calculus Behind Firing Tucker Carlson
The host was Fox News’s brightest star, but his history of controversy and potential legal issues may have prompted the Murdochs to swing the ax.
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First Republic Bank Lost $102 Billion in Customer Deposits
The regional bank received a $30 billion lifeline from big banks last month, but depositors and investors remain worried about its prospects.
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Why First Republic Has Not Done a Deal
Big banks gave the regional lender a $30 billion lifeline following the collapse of Silicon Valley Bank, but it has yet to raise more cash, sell assets — or itself.
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As Fears of Banking Crisis Surged, Members of Congress Sold Bank Stocks
The flurry of transactions highlighted how members of Congress continue to buy and sell stocks in industries that intersect with their official duties.