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: Regulation and Deregulation of Industry
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First Republic Bank Is Sold to JPMorgan: What to Know
First Republic is the second-largest bank by assets to fail in U.S. history. Here are some answers to questions you may have about what comes next for the bank and for depositors’ money.
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First Republic Is Sold: What to Know
First Republic is the second-largest bank by assets to fail in U.S. history. Here are some answers to questions you may have about what comes next for the bank and for depositors’ money.
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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 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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The Long Demise of the Stretch Limousine
Once a symbol of affluence, the stretch limo has largely fallen out of favor as the rise of Uber and Lyft, the Great Recession and new regulations hastened a shift to chauffeured vans and S.U.V.s.
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China Is Cracking Down on Bankers. Here Are Some of the Targets.
As Xi Jinping and the Communist Party further exercise control over the economy, the financial sector is coming under close scrutiny.
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With Microsoft-Actvision Deal Block, How Often Do Mergers Fall Apart?
British officials blocked Microsoft’s $69 billion acquisition of Activision, raising the question how often deals fall apart?
