Tag: FDIC
First Republic Bank Seized by FDIC, Sold to JPMorgan Chase
The collapse came despite an injection of $30 billion by 11 of America’s largest banks in March.
FDIC Preparing to Seize First Republic Bank
The bank’s shares dropped by approximately 75 percent this week following a disappointing first-quarter earnings report noting a drop of more than $100 billion since Jan. 1, 2023.
First Citizens Bank to Buy SVB Deposits, Loans
Seventeen former SVB branches opened Monday as First Citizen Bank branches.
US Treasury Secy Declines to Bail Out Silicon Valley Bank
“We’re not going to do that again,” she said. “But we are concerned about depositors, and we’re focused on trying to meet their needs.”