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The Latest Breaking News from FDIC

JP Morgan to take over US bank First Republic after lender becomes third to collapse

Banking giant JP Morgan will take over $295 billion (£236 billion) in assets and liabilities of First Republic Bank after the third major US institution collapse in the last two months

Is my money safe? What you need to know about bank failures

Is my money safe? What you need to know about bank failures

Recent bank failures may have you worried about your money

The Independent UK

First Republic Sold to JPMorgan in Latest U.S. Bank Collapse

First Republic Sold to JPMorgan in Latest U.S. Bank Collapse

'We should acknowledge that bank failures are inevitable in a dynamic and innovative financial system,' the FDIC said in a statement.

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Stocks Edge Higher, Fed Decision In Focus, First Republic Fail, G-7 Eyes AI, Arm IPO - Five Things To Know

Stock futures edge higher with earnings, Fed in focus; Week Ahead: Fed decision highlights hectic slate on Wall Street; First Republic sold to JPMorgan as regulators take over another failed lender; G-7 ministers agree to tame ai developments, ensure 'trustworthy' system and Softbank plans Nasdaq IPO for Arm after spurning…

Five Places to Put Cash Rather Than in the Bank

FDIC sweep programs, money market funds, Treasuries and more could be alternative places to stash cash instead of keeping it in the bank.

JP Morgan boss plays down risk of crisis after second biggest bank failure in US history

Jamie Dimon’s remarks follow $10.6bn takeover brokered by US regulators to buy most of failed First Republic

The Guardian - UK

First Republic Bank seized by US regulators and sold to JP Morgan Chase

Drastic intervention to contain third US bank failure in two months

The Independent UK

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JPMorgan Chase buys troubled First Republic Bank after U.S. government takeover

JPMorgan Chase buys troubled First Republic Bank after U.S. government takeover

JPMorgan Chase is taking over First Republic after the troubled bank was placed in the FDIC's receivership in the latest failure in the banking system.

First Republic Bank Goes Down

First Republic Bank Goes Down

The San Francisco, Calif.-based bank was shut down on May 1, becoming the third major U.S. bank to fail since March 10.

First Republic Bank Is Almost Down. JPMorgan or PNC May Be Its Buyers

First Republic Bank Is Almost Down. JPMorgan or PNC May Be Its Buyers

The two big banks have reportedly submitted bids to acquire the struggling Californian firm. The winner will be named on May 1.

First Republic in limbo as US regulators juggle bank's fate

First Republic in limbo as US regulators juggle bank's fate

Regulators are searching for a solution to First Republic Bank’s woes, hoping to find a way forward before U.S. stock markets open Monday

The Independent UK

First Republic Bank’s fate is up in air as regulators seek a solution to its woes

First Republic Bank’s fate is up in air as regulators seek a solution to its woes

First Republic is seen as the next bank likely to fail after Silicon Valley Bank, Signature Bank because of its amount of uninsured deposits and exposure to low interest rates.

Chicago Sun-Times

First Republic up in air as regulators juggle bank's fate

First Republic up in air as regulators juggle bank's fate

Regulators continued their search for a solution to First Republic Bank’s woes over the weekend before stock markets were set to open Monday

The Independent UK

Time running out for US financial firms to bid for ailing bank First Republic

Time running out for US financial firms to bid for ailing bank First Republic

Deadline of Sunday set for companies such as JPMorgan Chase to table offer for California bank whose shares have plummeted

The Guardian - UK

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Banks submit First Republic bids to FDIC

The government hopes to resolve the fate of bank by Monday's open on Wall Street.

First Republic Bank Close to Collapsing

The San-Francisco, California-based bank is rocked by a crisis of confidence that threatens its survival, unless there is a last-minute bailout.

JPM eyes First Republic as FDIC prepares takeover

The regional bank has lost 97% of its value since March.

Banking Crisis Is About to Claim Another US Bank

First Republic Bank is rocked by a crisis of confidence that threatens its survival, unless there is a last-minute bailout.

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Spectre of first global credit crunch since global financial crisis emerges as another US bank faces collapse

The US Federal Deposit Insurance Corporation is reportedly preparing to place First Republic Bank under receivership, which would make it the third US bank to collapse this year.

First Republic bank in limbo as shares fall further

New York (AFP) - Shares of First Republic fell further into an abyss Friday amid mounting speculation over the US regional bank's way forward after it reported a big fall in deposits.

Investors Business Daily

Dow Jones Futures: JPMorgan Buys First Republic As Market Rally Eyes 2023 Highs

The market rally is near 2023 highs after a big shakeout. JPMorgan will buy First Republic Bank. Big earnings and the Fed loom.

Strong Earnings Results Boost Stocks

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Friday closed up +0.83%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.80%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.65%. Stock indexes Friday posted moderate gains, with the S&P...

SVB Securities to be rescued from limbo by end of May auction

According to SVB’s most recent bankruptcy filings, the company’s investment banking arm will be put on the block in May.

Federal Reserve Takes the Blame for Silicon Valley Bank Failure

The Federal Reserve admitted it should have taken more action before Silicon Valley Bank collapsed on March 10.

US regulators admit mistakes were made ahead of regional bank failures

Washington (AFP) - The US Federal Reserve called for greater banking oversight while admitting to its own failures in a widely-anticipated report published Friday into the collapse of Silicon Valley Bank (SVB) last month.

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