The Latest Breaking News from FDIC

Dimon says that First Republic was the last of the troubled banks to fall.

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.24%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.40%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.17%. U.S. stock indexes this morning are mixed, with the...

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are down -0.10%, and June Nasdaq 100 E-Mini futures (NQM2 3) are down -0.20%. U.S. stock index futures this morning are modestly lower. The markets are awaiting quarterly earnings results this week from Apple, Advanced Micro Devices, and Ford...

San Francisco-based First Republic Bank was seized by the FDIC and substantially all its business was sold to JPMorgan early Monday.

“I put a lot of my time and attention into this, because I think it really threatens to erode democracies,” says Horovitz.

Banking giant JP Morgan will take over $295 billion (£236 billion) in assets and liabilities of First Republic Bank after the third major US institution collapse in the last two months

Recent bank failures may have you worried about your money

FDIC sweep programs, money market funds, Treasuries and more could be alternative places to stash cash instead of keeping it in the bank.

Jamie Dimon’s remarks follow $10.6bn takeover brokered by US regulators to buy most of failed First Republic