Shares in First Republic and Others Rise After Federal Bank Rescue

Shares in First Republic and Others Rise After Federal Bank Rescue

First Republic, Western Alliance and PacWest Bancorp shares were set to rise on Tuesday after one of the industry’s worst stock routs in years.
Was This a Bailout? Skeptics Descend on Silicon Valley Bank Response.

Was This a Bailout? Skeptics Descend on Silicon Valley Bank Response.

The government took drastic action to shore up the banking system and make depositors of two failed banks whole. It quickly drew blowback.