As part of its deal, 84 First Republic branches in eight states will reopen as JPMorgan branches on Monday.
Category: Stocks and Bonds
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The Week in Business: High-Profile Media Ousters
First Republic is struggling. The Fed faults its own oversight of Silicon Valley Bank. The U.S. economy is still growing but at a slower pace. And a jobs report is coming out.
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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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Worried About a Recession? Patient Investors Can Ride It Out.
Economic downturns are rough on stocks, but history shows that handsome returns can pile up anyway if you stick with it, our columnist says.
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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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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 Week in Business: A Trial With a Twist
A looming writers’ strike in Hollywood. An earnings report from a troubled midsize bank. And a report card on the health of the U.S. economy.
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The Fabulous Yields, and Lurking Risks, of Money Market Funds
The funds are paying enticing interest rates right now. But the debt ceiling and signs of weakness in the banking system are worrisome, our columnist says.
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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.
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Tesla’s Profit Dropped Sharply in First Quarter as It Cut Prices
The electric carmaker has reduced prices by thousands of dollars this year to bolster demand and fend off competition.
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As Possible Debt Limit Crisis Nears, Wall Street Shrugs
Few investors have focused on the possibility that Congress will not raise the nation’s borrowing limit in time to avoid an economically catastrophic default.