First Republic Bank shares slide in volatile trading session
March 20, 2023 GMTShares of First Republic Bank fell another 47% Monday as investors remain uneasy about the bank's financial condition even after a group of the nation's largest financial institutions teamed up on a $30 billion rescue package.
Is my money safe? What you need to know about bank failures
March 20, 2023 GMTNEW YORK (AP) — Recent turmoil in the banking industry may have you worried about your money.
The recent collapses of Silicon Valley Bank and Signature Bank, which catered mostly to the tech industry, were the second- and third-biggest bank failures in U.S.
Biden calls for tougher penalties for execs of failed banks
March 17, 2023 GMTWASHINGTON (AP) — President Joe Biden on Friday called on Congress to allow regulators to impose tougher penalties on the executives of failed banks, including clawing back compensation and making it easier to bar them from working in the industry.
Big banks create $30B rescue package for First Republic
March 16, 2023 GMTNEW YORK (AP) — Eleven of the biggest U.S. banks Thursday announced a $30 billion rescue package for First Republic Bank in an effort to prevent it from becoming the third to fail in less than a week and head off a broader banking crisis.