The Latest Breaking News from First Republic Bank

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...

The Dow Jones rose Monday morning, as JPMorgan Chase bought failed First Republic Bank. FRC stock crashed 45%.

Drastic intervention to contain third US bank failure in two months

JPMorgan Chase is taking over First Republic after the troubled bank was placed in the FDIC's receivership in the latest failure in the banking system.

US regional bank First Republic had a little more than $301 billion worth of assets and around 7,000 employees.

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan.

Bitcoin slipped back Monday after climbing for four consecutive months through April in the longest such winning run since 2021.

Regulators are searching for a solution to First Republic Bank’s woes, hoping to find a way forward before U.S. stock markets open Monday

First Republic is seen as the next bank likely to fail after Silicon Valley Bank, Signature Bank because of its amount of uninsured deposits and exposure to low interest rates.