Tagged: First Republic Bank

Perspective: Is the Banking Crisis Back?

The fall of Silicon Valley Bank (SVB), the emergency merger of Credit Suisse with UBS, and most recently, the seizure and sale of First Republic Bank quickly dissipated much of the trust that had been slowly returning to the banking sector. The question remains: if… Read More

Is PacWest Next? Pacific Western Bank Craters in After Hours Trading

Perhaps Jamie Dimon’s All Clear regarding the bank crisis – telling everyone to take a deep breath after JP Morgan Chase (NYSE:JPM) took over First Republic Bank (NYSE:FRC) was a bit premature. In after-hours trading, PacWest’s (Pacific Western Bank) (NASDAQ:PACW) shares are cratering – currently… Read More

McHenry Comments on JPM Takeover of First Republic Bank

As was previously reported, First Republic Bank has gone into receivership by the Federal Deposit Insurance Corporation (FDIC) – now representing the second-largest bank failure in history. JP Morgan Chase (NYSE:JPM) has stepped in to take over the bank as a bidding process took place… Read More

JP Morgan to Acquire First Republic Bank as FDIC Takes Over Floundering Bank

First Republic Bank (NYSE:FRC) was briefly shuttered by the California Department of Financial Protection and Innovation, and the Federal Deposit Insurance Corporation (FDIC) stepped in as receiver of the bank following weeks of speculation that FRB would be the next shoe to drop in the… Read More

FDIC Accepting Bids for First Republic Bank

First Republic Bank (NYSE: FRC) shares cratered this past week as investors feared the worst for the financial institution. On Friday, shares lost around 43% only to lose another 33% in after-hours trading. According to multiple reports, the Federal Deposit Insurance Corporating (FDIC) is accepting bids… Read More

First Republic Bank on Cliffs Edge as Share Value Nears One Dollar

First Republic Bank (NYSE: FRC) is teetering on receivership as shares closed at around $3.51 today, a loss of 43%, only to sink further in after-hours trading, hitting $1.86 – losing another 47%. Earlier this year, First Republic shares traded at OVER $147 worth billions of… Read More

Representative Patrick McHenry Comments on Big Bank Support of First Republic Bank

Representative Patrick McHenry, Chairman of the House Financial Services Committee, has issued a statement on the move by big banks to assist First Republic Bank. Yesterday, the largest banks in the US as well as two investment banks, announced $30 billion in deposits for First… Read More

Big Banks, Investment Banks Join to Back First Republic Bank with $30 Billion

The largest banks in the US have joined to support First Republic Bank by providing $30 billion in money to backstop the firm reflecting their “confidence in the country’s banking system.  Bank of America, Citi, JP Morgan Chase, and Wells Fargo each have committed $5… Read More

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