Late-Night Negotiating Frenzy Left First Republic in JPMorgan’s Control
Posted inBanking and Financial Institutions Citizens Financial Group Credit and Debt Deposit Insurance Dimon, James Dodd-Frank Wall Street Reform and Consumer Protection Act (2010) Federal Deposit Insurance Corp Federal Reserve System Fifth Third Bancorp First Republic Bank Inflation (Economics) Interest Rates JPMorgan Chase & Company Mergers, Acquisitions and Divestitures PNC Financial Services Group Inc Real Estate (Commercial) Recession and Depression Regulation and Deregulation of Industry Silicon Valley Bank Stocks and Bonds

Late-Night Negotiating Frenzy Left First Republic in JPMorgan’s Control

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.
Wages Continue to Grow, Good for Workers but a Worry for the Fed
Posted inFederal Reserve System Inflation (Economics) Interest Rates Labor and Jobs Labor Department (US) Prices (Fares, Fees and Rates) Recession and Depression United States Economy Wages and Salaries

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.