First Republic Bank

Report: First Republic Could Seek a Rescue From the FDIC

Report: First Republic Could Seek a Rescue From the FDIC
Report: First Republic Could Seek a Rescue From the FDIC
April 26, 2023  |  News

First Republic Bank is reportedly considering asking the government to take over its operation. According to a Tuesday (April 25) Financial Times (FT) report, that’s...

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First Republic Bank Reportedly Considering Selling Long-Dated Mortgages and Securities
First Republic Bank Reportedly Considering Selling Long-Dated Mortgages and Securities
April 25, 2023  |  Banking

First Republic Bank is reportedly looking to sell assets as it works on a turnaround plan. The bank is weighing the sale of long-dated mortgages...

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First Republic Cutting Up to 25% of Workforce After ‘Unprecedented’ Deposit Outflows
First Republic Cutting Up to 25% of Workforce After ‘Unprecedented’ Deposit Outflows
April 24, 2023  |  Banking

First Republic Bank expects to reduce its workforce by as much as 25% in the second quarter. In its first earnings report since experiencing a...

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Banks That Backed First Republic Set Aside $100 Million Reserves
Banks That Backed First Republic Set Aside $100 Million Reserves
April 12, 2023  |  Banking

America’s biggest banks are reportedly setting aside cash in anticipation of first-quarter losses. The banking giants that helped shore up struggling First Republic Bank with...

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First Republic Seeks Outside Help As Depositors Withdraw $70 Billion
First Republic Seeks Outside Help As Depositors Withdraw $70 Billion
March 22, 2023  |  Banking

Struggling lender First Republic Bank is reportedly seeking outside help to remain in business. The bank has hired financial advisor Lazard Ltd. to assist with...

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Silicon Valley Ripple Effects May Force Reckoning for Neobanks
Silicon Valley Ripple Effects May Force Reckoning for Neobanks
March 21, 2023  |  Banking

After the Silicon Valley Bank and Signature Bank meltdowns, the First Republic bailout, the Credit Suisse rescue, what’s to become of the neobanks? At this...

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Bank Stocks Dive but CE 100 Index Ekes Out 0.8% Gain
Bank Stocks Dive but CE 100 Index Ekes Out 0.8% Gain
March 20, 2023  |  Connected Economy

No surprise – this past week was all about the banking sector. Investors fled banks, worried about how bad the contagion would get in the...

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The Week That Americans Watched a Bank Run in Real Time
The Week That Americans Watched a Bank Run in Real Time
March 18, 2023  |  Banking

Back in 1960s through the 1980s, there was a TV show titled “That Was the Week that Was.” The program was, largely, political satire. But...

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