Banking

First Republic Bank's failure and fire sale to JPMorgan Chase has fueled speculation about whether more banks will need to be rescued or whether the worst is over for the sector.

Berkshire Hathaway’s Charlie Munger said on Monday that a storm is brewing in commercial property market, as property prices fall and banks deal with bad loans.

JPMorgan is buying San Francisco-based First Republic Bank and President Biden says the move will ensure the U.S. banking system is safe and sound.

The Treasury Department said Monday that the deposits of former customers at collapsed First Republic Bank are safe because the banking system remains sound and resilient.

JPMorgan Chase CEO Jamie Dimon said Monday "this part of the crisis is over" after his firm's bid was accepted to buy troubled lender First Republic amid fears it would collapse.

Shares of the major U.S. banks are in the green after JPMorgan Chase announced that it would pay $10.6 billion to the FDIC to buy most of First Republic Bank's assets.

Top finance officials from 27 states blasted a new Biden rule to force borrowers with good credit scores to subsidize risky mortgages, a policy that will take effect today.

JPMorgan Chase Bank will assume all deposits of First Republic Bank, a San Francisco-based bank that has been struggling and widely viewed as the next to fail amid the banking crisis.

PNC Financial Services is on the inside track of bidding on First Republic Bank, as the bidding deadline looms and the struggling bank's stock were free-fall earlier this month

The FDIC set a Sunday deadline for bidding on First Republic Bank and has asked JPMorgan Chase & Co., PNC Financial Services Group, and other banks to send final bids.

JPMorgan Chase & Co. and PNC Financial Services Group are expected to bid to buy First Republic Bank after it is taken over by the FDIC.

The FDIC is planning to take ownership over First Republic Bank imminently and says that there's no time for the bank to go after a private sector rescue, according to a report from Reuters.

An internal review of the Federal Deposit Insurance Corporation’s supervision of Signature Bank concluded “poor management" led to the bank’s failure.

Shares of First Republic Bank tanked on Friday amid reports of uncertainty about whether the lender could see a rescue deal.

The Federal Reserve on Friday released its report on what led to the collapse of Silicon Valley Bank, placing blame on the lender's management and calling for better regulation.

A slew of companies including Lyft, Dropbox, First Republic Bank and Gap revealed this week they plan to trim their headcounts. They join Disney and Amazon.

Sen. Ted Cruz and Rep. Jim Jordan wrote to San Francisco Federal Reserve Chair Mary Daly to request information on the Fed's supervision of Silicon Valley Bank prior to its failure.

Shares of First Republic Bank tumbled to a new low on Wednesday following after sliding Monday on the news the bank's deposits fell 40% during the crisis that hit regional lenders.

A senior executive of Citigroup has been let go from the multinational bank after his connections with disgraced financier Jeffrey Epstein were made public.

The lawsuit filed late Monday in San Francisco federal court accused First Republic and its auditor KPMG of misrepresenting the strength of the bank's balance sheet and liquidity.