The resolution of First Republic Bank came after a frantic night of deal making by government officials and executives at the country’s biggest bank.
Category: Interest Rates
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In an Unsteady Banking Industry, First Republic’s Problems Stood Out
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.
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Markets Shrug Off First Republic Failure
The bank’s collapse stopped short of derailing the broader market, with markets focusing instead on corporate profits and the Federal Reserve’s next decision on interest rates.
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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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Housing Market Gridlock: Buyers Are Eager, but Sellers Are Scarce
Homeowners with low-rate mortgages are delaying the decision to sell until market conditions change.
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Wages Continue to Grow, Good for Workers but a Worry for the Fed
Wages and salaries for workers rose 5.1 percent from a year earlier, which helps employees keep up with the rising cost of living but complicates the Federal Reserve’s efforts to tamp down inflation.
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Inflation Cooled in March, but Stubborn Price Increases Remain
The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures index, slowed in March. But signs point to staying power.
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Stress Builds as Office Building Owners and Lenders Haggle Over Debt
The health of banks and cities and the nation’s economy could hinge on high-stakes negotiations over commercial real estate loans.
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Still Going Fast, Inflation Changes Drivers
Two years ago, high inflation was about supply shortages and pricier goods. Then it was about war in Ukraine and energy. These days, services are key.
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Still Going Fast, Inflation Changes Drivers
Two years ago, high inflation was about supply shortages and pricier goods. Then it was about war in Ukraine and energy. These days, services are key.
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G.D.P. Report: What to Look For
U.S. economic data on Thursday morning is expected to show that the year opened with the third straight quarterly expansion in gross domestic product.
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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.