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Banks wait on US to decide fate of First Republic
Yahoo Finance via AOL· 1 year agoBanks are awaiting word from the US government about the fate of First Republic (FRC) after a Sunday deadline to submit bids for the San Francisco lender...
Why the FDIC offered to take billions in losses to find SVB assets a new home
Yahoo Finance via AOL· 1 year agoWhen a North Carolina lender agreed last weekend to assume $60 billion in loans from the failed...
Top Obama economist has a 3-point plan to fix banking and says ‘no one should feel good about what...
Fortune via Yahoo Finance· 1 year agoThe economic environment’s abrupt departure from zero-interest rates in the past year might mean...
How the government protects bank accounts, in three charts
NBC Universal via AOL· 1 year agoWhen the federal government announced it would guarantee all accounts at Silicon Valley Bank and...
New York Community Bancorp surges 42% after striking a deal to acquire the assets of failed...
Business Insider via Yahoo Finance· 1 year agoA woman leaves a branch of Signature Bank in New York, Monday, March 13, 2023.Seth Wenig/Associated...
What is a bank bailout?
Bankrate via Yahoo Finance· 1 year agoThe 2023 failures of Silicon Valley Bank (SVB), Signature Bank and First Republic Bank marked some of the largest bank failures in U.S. history. In the...
U.S. officials lead urgent rescue talks for First Republic -sources
Reuters via Yahoo Finance· 1 year agoU.S. officials are coordinating urgent talks to rescue First Republic Bank as private-sector efforts...
New York Community Bancorp unit to assume Signature Bank deposits, FDIC says
Forkast News via Yahoo Finance· 1 year agoA unit of New York-based New York Community Bancorp has agreed to purchase and assume all deposits...
US regulators seize First Republic and sell 'substantially all assets' to JPMorgan in largest bank...
Yahoo Finance via AOL· 1 year agoRegulators seized First Republic (FRC) early on Monday and sold the bulk of the bank's operations to...
Flagstar Bank to buy some Signature Bank assets, but not crypto operations
TechCrunch· 1 year agoFlagstar Bank, a subsidiary of New York Community Bancorp, has signed a takeover agreement with U.S....