#First Republic fallout: Democrats fume as regulators bail out yet another failed bank

#First Republic fallout: Democrats fume as regulators bail out yet another failed bank

Democrats are banging a gong about the need for greater regulation of the U.S. financial sector following the combined public and private-sector rescue of California-based First Republic Bank. The San Francisco-based regional powerhouse is the third major U.S. bank to fail and prompt a government-administered bailout of depositors following the collapse of Silicon Valley Bank…

Read More
#First Republic worries grow as FDIC asks banks for bids by Sunday to avoid bailout

#First Republic worries grow as FDIC asks banks for bids by Sunday to avoid bailout

Beleaguered bank First Republic is now facing buyout bids after the Federal Deposit Insurance Corporation sought to arrange suitors Saturday following a hollowing out of the bank’s share price amid several weeks of market turmoil, multiple outlets reported. First Republic Bank is the latest financial institution to come under stress following the second- and third-largest…

Read More