The Latest Breaking News from First Republic Bank

Bank stocks fall Friday. Biden calls for tougher penalties for bank execs; SVB files for bankruptcy; First Republic suspends dividend after $30 billion rescue deposit

The San Francisco bank was downgraded by the credit-rating companies S&P Global and Fitch.

High levels of uninsured deposits helped do in Silicon Valley Bank and Signature Bank. But it turns out they're not alone.

Dow Jones futures tumbled as Credit Suisse plunging, leading a European bank sell-off after the Nasdaq reclaimed key levels Tuesday.

The credit-rating company plans to downgrade the ratings of U.S. regional banks after Silicon Valley Bank collapsed.

“We need to learn something from that and take actions based upon the lessons learned," Alecta CEO Magnus Billing told Bloomberg on Tuesday.

The collapse of Silicon Valley Bank—known for serving startups—wreaked havoc over the weekend.

WASHINGTON — “This is not 2008”: That was the mantra of Biden administration officials Monday as they sought to reassure investors and the public that a regulatory takeover of two failed banks and rescue of their depositors, along with newly implemented safeguards, would be enough to avert a broader crisis…

Analysts say there is little chance of a wider banking crisis after the failure of Silicon Valley Bank, as the banking system is well-capitalized and passed stress testing.

“Consumers need to separate falling stock prices and volatile trading from their actual deposits in the bank,” explained Mark Neuman, financial advisor and CIO of Constrained Capital.

SANTA CLARA, California — Federal officials moved to insure all deposits at failed Silicon Valley Bank, hoping to inoculate the banking system against contagion, but shares of another Bay Area regional bank plunged on Monday.