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The Latest Breaking News from First Republic Bank

Cristiano Ronaldo becomes world's highest-paid athlete after move to Saudi Arabia

Portuguese football star Cristiano Ronaldo tops the 2023 Forbes rankings of the world's highest-paid athletes. The striker's move to Saudi Arabian club Al-Nassr has meant a boost in salary and marketing opportunities, leading to earnings of $136 million in the last twelve months. Also in the show, we get the…

France 24

Elon Musk Backs Risky Idea to Stop Bank Runs

The failure of three U.S. regional banks since March was caused by bank runs.

The Street

Bank Stocks Retreat After Fed Rate Hike. Goldman Sachs Sees Regional Bank Risk After First Republic

Bank stocks continue sliding after the Fed announced a quarter-point interest rate hike Wednesday to a range of 5% to 5.25%.

Investors Business Daily

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Elon Musk Endorses Unpopular Idea to Solve the Banking Crisis

The failure of three U.S. regional banks since March was caused by bank runs.

The Street

Charlie Munger Warns That The Fall Of Property Values With Banks Full Of Bad Loans

Berkshire Hathaway distanced itself from Silicon Valley Bank and Signature Bank with history supporting instable banks.

Zenger

Citibank CEO ‘very pleased’ First Republic’s demise eliminates the last big threat from banking's recent turmoil

With the collapse of the second-largest commercial lender in U.S. history, Citi’s Jane Fraser believes the financial sector is now poised to draw a line under the crisis.

Fortune

Yellen warns of looming June 1 US debt ceiling deadline

US Treasury Secretary Janet Yellen has written to congressional leaders warning that the federal government could run out of cash as early as June 1, unless they agree on raising the debt limit or suspending it. President Joe Biden has invited Republican House leader Kevin McCarthy for talks on May…

France 24

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US banking crisis: Is your money safe?

As another US bank collapses, here’s what you need to know about how to keep your money safe.

Al Jazeera

Stock market today: Asia shares mixed on holiday mode trade

Asian shares are mixed with some markets closed or anticipating holidays and investors showing muted reaction to the latest U.S. banking failure

The Independent UK

First Republic Bank seized, sold in fire sale to JPMorgan

In the second-largest bank failure in U.S. history, officials seize First Republic Bank, selling its deposits and most of its assets. It’s the third midsize bank to fail in two months.

Chicago Sun-Times

Asian markets open higher as investors weigh Wall Street losses

Hong Kong (AFP) - Asian equities rose at the open on Tuesday following a holiday weekend, as investors digested losses on Wall Street after the takeover of First Republic Bank.

AFP

Elon Musk Fires Off A Warning Of A Financial Crisis As First Republic Bank Falls

The Federal Reserve is poised to for another hike in the interest rate as Musk warns of a possible recession in the coming future.

Zenger

First Republic Bank Fails As Former Treasury Secretary Larry Summers Warns The Consequences To Come

The failed bank was taken over by the FDIC and taken over by JPMorgan Chase A Month After Received A $30 billion deposit

Zenger

US stocks down after First Republic Bank takeover

New York (AFP) - Wall Street stocks ended lower on Monday as markets digested the takeover of the embattled First Republic Bank, while awaiting a key Federal Reserve policy decision this week.

AFP

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Barchart

Stocks Settle Slightly Lower on Higher Bond Yields

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Monday closed down -0.04%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.11%. Stock indexes Monday gave up early gains and settled...

Investors Business Daily

First Republic Bank Is The Second-Largest U.S. Bank Failure. What Comes Next?

First Republic Bank marked the 2nd largest bank failure in U.S. history. Are there more to come? What comes next from regulators?

Kiplinger

Stock Market Today: Stocks Struggle After JPMorgan Buys First Republic

It was a choppy day for stocks as investors considered another bank failure.

The Independent UK

Why First Republic failed. Are other banks to follow?

First Republic Bank has become the second large regional bank with assets over $200 billion to fail in just a few weeks

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news in one place.

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Barchart

Stocks Mixed on Corporate Earnings and Economic Optimism

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.03%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.10%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.03%. U.S. stock indexes are now mixed, with the S&P...

The Street

Jamie Dimon Makes a Bold Prediction About the Banking Crisis

The JPMorgan CEO is clear about his thinking.

The Street

FDIC Has An Idea to Avoid Bank Runs

The FDIC recommends increasing the amount of deposit insurance after failures of several banks due to panicked depositors.

AFP

US markets mixed after First Republic Bank takeover

New York (AFP) - Wall Street stocks were mixed on Monday as markets digested the takeover of the embattled First Republic Bank, while Tokyo stocks closed higher ahead of the Federal Reserve's key policy decision this week.

Barchart

Stocks Mostly Higher on Corporate Earnings and Economic Optimism

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.24%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.40%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.17%. U.S. stock indexes this morning are mixed, with the...

Barchart

Markets Today: Stock Indexes Modestly Higher as JPMorgan Acquires First Republic

Morning Markets The S&P 500 Index ( $SPX ) ( SPY ) today is up +0.23%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is up +0.31%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is up +0.06%. U.S. stock indexes this morning are...

Salon

First Republic Bank collapses, seized

"Ultimately taxpayers will be on the hook," Sen. Elizabeth Warren warned

1 2 3 4 5

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