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First Republic Bank
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Run on banks; banking on a run
If STI goes positive by the year-end, our three local banks, accounting for 40% of the index benchmark, will certainly weigh in
May 04, 2023
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JPMorgan ends First Republic's turmoil after FDIC seizure
“This is getting near the end of it, and hopefully this helps stabilise everything,” says JPMorgan CEO Jamie Dimon.
May 01, 2023
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Bank turmoil poses US$600 bil question for battered investors
Are the half-dozen banks in the spotlight outliers or a warning sign of a wider malaise in the financial sector?
March 18, 2023
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How Dimon and Yellen helped secure US$30 bil lifeline for First Republic
Not everyone is convinced it’s a good idea. Billionaire investor Bill Ackman called the rescue a "bad policy".
March 17, 2023
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First Republic set to get US$30 bil of deposits in rescue
The biggest banks, including JPMorgan, Bank of America, Citigroup and Wells Fargo would contribute US$5 billion of deposits each.
March 17, 2023
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First Republic Bank is said to weigh options including a sale
First Republic Bank was cut to junk by S&P Global Ratings and Fitch Ratings on Wednesday.
March 16, 2023