The Latest Breaking News from First Republic

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…

Silvergate, Silicon Valley Bank and Signature Bank collapsed in the same week. All eyes are now on First Republic Bank.

“First Republic’s capital and liquidity positions are very strong, and its capital remains well above the regulatory threshold for well-capitalized banks," the lender said in a Sunday statement.

Silicon Valley Bank depositors will be made whole, but startups are losing a key player in the ecosystem.

Stocks move lower as SVB collapse rattles global markets; Week Ahead: inflation, retail sales hurdles before Fed rate decision; SVB equity, bond investors wiped out, depositors backstopped; Regional bank stocks tumbles despite Fed lending support and Eclectic hit 'Everything Everywhere All At Once' dominates Oscars.

The regional bank was keen to send a reassuring message to investors and clients, as speculation about contagion from the collapse of Silicon Valley Bank is rife.

Futures were radically split as financial regulators guaranteed all SVB Financial deposits and offered a backstop for other banks. Signature Bank was closed. But bank stocks kept tumbling.