First Republic Bank

First Republic Bank is back in the headlines as regulators sold the bank over the weekend. We have more on the deal and what this now means for customers. In North Bay, a driver fell hundreds of feet down a ravine. But luckily, several agencies worked together to lift the driver back to safety. Lawmakers […]

Another major U.S. bank has collapsed—the third in just two months. What happened to First Republic Bank, and what does the Biden administration say about the impact on taxpayers? As the GOP primary field becomes more crowded, we hear from one of the latest candidates to join the race—Larry Elder. Find out what his vision […]

A Mexican national who allegedly murdered five neighbors in Texas on Friday—including an 8-year-old boy—has reportedly been deported from the United States five times to date. North Carolina’s supreme court has changed the state’s electoral system—which could work out in favor of Republicans when it comes to congressional districts and voting laws. First Republic Bank […]

First Republic Bank has been seized by the Federal Deposit Insurance Corporation (FDIC), which announced on Monday morning that the beleaguered bank will be bought by JPMorgan Chase. California financial regulators on Monday ordered First Republic Bank closed, with the FDIC appointed as receiver. “To protect depositors, the FDIC is entering into a purchase and […]

First Republic Bank announced “unprecedented deposit outflows” in the quarter ended March 31, with the news sending the company’s stock crashing by over 20 percent. For the quarter ended March 31, 2023, First Republic deposits have declined by 40.8 percent since Dec. 31, 2022, according to an April 24 press release (pdf) by the bank. […]

Shares of First Republic Bank plummeted today after it revealed massive withdrawals in the last quarter. The bank is also laying off workers. The cheapest American EV is going away. Stay tuned to find out why GM is ending the car’s production. Manufacturing giant 3M announcing major layoffs today. How many are they letting go, […]

Over 25 lbs. of cocaine and a gun were found after a group of 16 illegal immigrants jumped off a boat into the ocean. They were apparently stowaways aboard a cargo ship headed to Puerto Rico. Transgender bathroom use is in the spotlight again. Both the Iowa House and Senate have approved a bill on […]

First Republic Bank will receive $30 billion from some of the top U.S. banks in a bid to stabilize the troubled firm. It’s the third bank to be rescued in less than a week. First Republic, like Silicon Valley Bank and Signature Bank, reportedly had a large number of uninsured deposits, triggering fears that customers […]

The banking sector unrest could be hiding a bigger problem in the U.S. economy, according to an analyst. It has to do with how we approach financial assets. Treasury Secretary Janet Yellen is telling lawmakers the U.S. banking system is stable, amid fears of a banking crisis. Another bank rescued: First Republic Bank gets a […]

Credit ratings agency Moody’s has put six U.S. banks on review for downgrade, including First Republic Bank, which is one of the largest in the country—a decision that follows the collapse of two banks over the weekend. In addition to First Republic, the banks under Moody’s downgrade review include Comerica Inc, UMB Financial Corp., Zions […]

President Joe Biden reassures Americans that the banking system is still safe, after Silicon Valley Bank collapsed last week. Shares of First Republic Bank plunge, despite the lender telling customers their deposits are safe. Who should be held accountable for the collapse of Silicon Valley Bank? Biden approves an oil drilling project in Alaska—a victory […]

Shares of First Republic Bank plunged more than 60 percent in premarket trading on March 13, despite the lender reassuring customers that their deposits are safe amid concerns surrounding the collapse of Silicon Valley Bank (SVB) and Signature Bank. In an email to clients on Sunday, First Republic Founder and Executive Chairman Jim Herbert and CEO and President […]