FRC News and Press, FIRST REPUBLIC BANK From 05/02/23

2023-05-02 14:50:07 ET Summary The banking crisis seems to be coming to an end after news broke that JPMorgan Chase & Co agreed to absorb First Republic Bank. This move will be a significant loss for shareholders of First Republic Bank, but it is a boon for JPMorgan Chase and ...

2023-05-02 13:52:32 ET Summary One day after the seizure and sale of First Republic, fresh panic is gripping the banking sector, with fears centered on Beverly Hills-based PacWest Bancorp. The timing is curious. The new rout comes after a period of calm and coincides with the Milk...

2023-05-02 13:09:17 ET The New York Stock Exchange has suspended trading in all shares of First Republic Bank ( NYSE: FRC ) a day after JPMorgan Chase & Co ( NYSE: JPM ) became its new owner. Pro reacts to JPMorgan-First Republic deal On Tuesday, the exchange said ...

2023-05-02 12:43:02 ET Amid renewed concerns about the health of the regional banking sector, traders boosted the chances of multiple interest-rate cuts by the end of this year. Federal-funds futures traders now see a 59.3% probability that the rate-setting Federal Open Market Commi...

2023-05-02 12:04:21 ET Shares of several bank stocks struggled today as the seizure of First Republic (NYSE: FRC) and the ultimate sale of most of its assets to JPMorgan Chase (NYSE: JPM) yesterday failed to assure investors that the banking crisis is over. Shares of P...

2023-05-02 11:58:09 ET Regional banks stocks resumed their decline as investors digested the details of JPMorgan Chase's ( JPM ) acquisition of First Republic Bank ( FRC ) in a government-brokered deal that provided the Wall Street giant with a loss-sharing agreement. The KB...

2023-05-02 09:30:13 ET Summary Despite its tepid guidance for sequential declines across all core business units, with the exception of its embedded segment, Advanced Micro Devices, Inc.'s Q1 2023 results are expected to be headlined by data center results. This is consistent with...

2023-05-02 07:15:00 ET Summary The stock market is likely to suffer a 15% to 30% correction in the coming months. The regional banking crisis, which just claimed First Republic, the 12th largest bank in America, is not a major threat to the economy. The debt ceiling crisis, 79...

2023-05-02 06:04:03 ET XRP traded around $0.46 this morning Tuesday, 2 May. Although the price of the sixth-ranked cryptocurrency by market cap wasnabout 38% up year-to-date, its just in the green in the past week and down by about 10% over the last 30 days. The largely flat ret...

2023-05-02 05:36:15 ET Treasury Secretary Janet Yellen confirmed that the United States could see an unprecedented default as early as June 1, 2023. In a letter to the US Congress, Yellen urged lawmakers to raise the debt ceiling, and argued, After reviewing recent federal...