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4 mins read
China plans to float nuclear reactors in disputed South China Sea; Analysts see it 'risky for environment'
The US military warned that China is moving forward with developing floating nuclear reactors in th…
ANI
2 mins read
'Big Short' investor Michael Burry piled into First Republic, PacWest, and other ailing bank stocks last quarter
"The Big Short" investor Michael Burry bought First Republic, PacWest, and other bank stocks last q…
Theron Mohamed
2 mins read
First Republic Bank's stock craters 75% after it taps backstop billions to shore up liquidity
First Republic has said it's getting $70 billion in funding from JPMorgan and the Fed's backstop fo…
Zinya Salfiti
2 mins read
Jamie Dimon is vying to take control of First Republic Bank, report says, after JPMorgan steered clear of SVB
JPMorgan is leading the charge to buy First Republic as it prepares to enter receivership, per The …
Ryan Hogg
2 mins read
First Republic Bank shares tank 43% after report says the struggling lender is likely to be taken over by the government
The California bank, which saw deposits drop by $100 billion in the first quarter, is likely to be …
Carla Mozée
2 mins read
First Republic shares crater 50% as banks discuss fresh capital raise after $30 billion rescue
First Republic shares sank Monday on news that big banks were in talks to provide yet another infus…
Zahra Tayeb
1 min read
First Republic Bank, which was downgraded to junk by S&P and Fitch, is looking at a possible sale: Bloomberg
First Republic has not made a decision but it is expected to attract interest from larger lenders i…
Huileng Tan
1 min read
JPMorgan expects to earn $3 billion more in net interest income this year after its takeover of failed First Republic Bank
JPMorgan raised its 2023 outlook for its net interest income from $81 billion to $84 billion.
Phil Rosen
1 min read
Veteran investor Boaz Weinstein warns of a major market sell-off as First Republic reignites banking crisis fears
"The chance of a major sell-off in the next six months… has never been higher," Weinstein told Bloo…
George Glover
2 mins read
First Republic and PacWest Bancorp plunge as fears of contagion grow following the biggest bank failure since 2008
Not helping matters is the Federal Reserve's plan for more interest rate hikes, which is what helpe…
Matthew Fox
1 min read
First Republic stock craters 49% after the bank reveals customers pulled out $100 billion of deposits last quarter
First Republic's first-quarter earnings show its customers yanked over $100 billion worth of deposi…
George Glover
2 mins read
First Republic stock jumps 18% to lead regional bank shares higher after SVB finds a buyer
First Republic Bank led a pack of US regional bank stocks, which rose on news that failed Silicon V…
Zinya Salfiti
2 mins read
Jamie Dimon says JPMorgan rescued First Republic because the government asked his bank 'to step up, and we did'
The CEO of America's biggest bank said taking over First Republic's $92 billion of deposits and mos…
Ryan Hogg
2 mins read
First Republic Bank downgraded to junk by S&P and Fitch on risk of clients pulling deposits in the wake of SVB failure
First Republic faces an "elevated" risk of depositors running to reclaim their cash in the wake of …
Carla Mozée
2 mins read
Investors and economists are getting worried about more bank failures as interest rates stay high
High interest rates are "corrosive" to the economy, Mark Zandi said, while others fear the impact o…
Jennifer Sor
2 mins read
First Republic and other regional bank stocks surge as Yellen sees crisis 'stabilizing' and big lenders eye more support
First Republic shares jumped nearly 50% in Tuesday's action on ebbing fears surrounding a crisis fo…
Carla Mozée
3 mins read
First Republic says its liquidity remains 'very strong' in bid to calm nerves following Silicon Valley Bank's collapse
The regional bank said its average deposit was about $200,000, well under the $250,000 limit that's…
Ryan Hogg
6 mins read
Jamie Dimon, CEO of JPMorgan Chase, just hinted at retirement. Here's how he became an iconic billionaire banker.
Jamie Dimon, the CEO of JPMorgan Chase, began his career in banking at American Express.
Katherine Tangalakis-Lippert
2 mins read
S&P downgrades First Republic further into junk status as the bank's $30 billion rescue may not be enough to solve liquidity problems
A report from the WSJ on Monday said banks were in talks to provide even more aid to First Republic…
Carla Mozée
2 mins read
Billionaire investor Bill Ackman says US banks depositing $30 billion into First Republic creates a 'false sense of confidence'
"Spreading the risk of financial contagion to achieve a false sense of confidence in FRB is bad pol…