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The Latest Breaking News from First Republic

Jamie Dimon says he won’t be buying any more failed banks: ‘It’s a lot of work’

“People always look at the financial deal. Forget the financial deal ... it's a lot of work,” Dimon told Bloomberg Thursday about buying beaten down banks.

Fortune

Too Small to Succeed Is the Problem Facing Regional Banks

Recent turmoil centers on institutions—a notch or two down from the Wall Street giants—that are crucial funding sources for local businesses.

Businessweek

Bank Crisis: Bankers Call For Probe Into Short Sellers. Elizabeth Warren Wants Answers From First Republic.

The ABA called for a probe into short sellers profiting off the bank crisis. Sen. Warren wants answers from First Republic executives.

Investors Business Daily

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US regional bank shares partially recover but fear of crash lingers

Stock market rises on bounceback despite investors still nursing steep losses

The Guardian - UK

Shares of smaller lenders sink once again, reviving fears about the banking sector

PacWest and Western Alliance were among the smaller lenders that saw shares tumble even as the banks sought to reassure their customers and investors..

WEKU

Billionaire investing royalty is scared about more bank failures: ‘We are running out of time to fix this problem’

Bill Ackman, Nelson Peltz, and Jeffrey Gundlach all think the Fed is wrong about the banking system.

Fortune

Digital bank runs: social media played a role in recent financial failures but could also help investors avoid panic

A crisis of confidence in the US banking sector led people to pull their money from banks including Silicon Valley Bank and Credit Suisse, and more recently, First Republic Bank and California-based PacWest Bancorp. The way these events have unfolded have created a new term in the vocabulary of finance:…

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PacWest Bancorp Explores Options. Western Alliance Denies Deal Rumors. Gensler Issues Statement.

PacWest Bancorp sparked more panic among regional banks on reports it's exploring strategic options, including a potential sale. Bank stocks dive.

Investors Business Daily

Trading halted in shares of two more US lenders as fears of banking crisis mount

Regulators step in after PacWest and Western Alliance shares plunge as investors fear repeat of First Republic, SVB and Signature failures

The Guardian - UK

First Republic: will UK banks survive unscathed?

The Treasury has sought to reassure the public that the British banking system is safe after First Republic became the third major US bank to fail in two months.

The Week

Elizabeth Warren says U.S. taxpayers will have to foot the bill if JPMorgan ‘stumbles’ after First Republic buyout

The Democratic senator raised concerns about the deal reigniting the “too big to fail” problem.

Fortune

VCs aren’t convinced JPMorgan’s acquisition of First Republic stems the crisis

As bank failures and a weak fundraising environment persist, some fundraising cycles might get drawn out.

Fortune

One of Wall Street's top investors says banks forgot 'Finance 101', landing them in same crisis the sector has been seeing for decades

“How many times are we going to learn this lesson?” he questioned after the collapse and rescue of First Republic.

Fortune

Barclays AGM disrupted by Spice Girl-themed climate protests; oil and gas prices slide – as it happened

Protesters demand an end to Barclays funding fossil fuel projects

The Guardian - UK

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Investors Business Daily

Dow Jones Futures Rise As Fed Rate Hike Looms; These Bank Stocks Keep Diving, AMD Tumbles On Guidance

The Fed is expected to hike rates, but will that be it? AMD fell on guidance. Regional bank stocks keep selling off.

Kiplinger

Stock Market Today: Stocks Slide Ahead of Fed Announcement

The major indexes tumbled Tuesday as anxiety ramped up ahead of tomorrow's policy announcement from the Federal Reserve.

The Independent UK

Bank stocks continue to fall following First Republic demise

Regulators have barely written the epitaph for First Repbulic Bank, but investors on Wall Street have already moved onto speculating which bank might be the next to fail

Investors Business Daily

Bank Stocks Retreat After Fed Rate Hike. Goldman Sachs Sees Regional Bank Risk After First Republic

Bank stocks continue sliding after the Fed announced a quarter-point interest rate hike Wednesday to a range of 5% to 5.25%.

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news in one place.

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The Guardian - UK

Is the banking crisis coming to an end? As JP Morgan CEO notes, risks linger

Jamie Dimon says this phase of bank collapses is over, but ‘other cracks in the system’ could still be revealed

Bangkok Post

Fed begins talks that could herald end of rate hikes

WASHINGTON: The US Federal Reserve on Tuesday opened a two-day meeting to decide whether to raise its benchmark lending rate for a 10th — and possibly final — time to tackle rising prices.

Fortune

Citibank CEO ‘very pleased’ First Republic’s demise eliminates the last big threat from banking's recent turmoil

With the collapse of the second-largest commercial lender in U.S. history, Citi’s Jane Fraser believes the financial sector is now poised to draw a line under the crisis.

Fortune

How JPMorgan turned First Republic's nightmarish week into a dream scenario for shareholders

A Fortune report explains what propelled JPMorgan to land First Republic’s assets in an auction with several rival bidders.

Fortune

VCs aren’t convinced JPMorgan’s acquisition of First Republic stems the crisis

“I think people will remain skittish for quite some time” after the collapse of First Republic, Cake Ventures’s Monique Woodward says.

Barchart

S&P Futures Tick Lower Ahead of Fed Meeting, U.S. JOLTs Report in Focus

June S&P 500 futures (ESM23) are trending down -0.16% this morning after three major U.S. benchmark indices finished the regular session lower as investors weighed First Republic rescue while bracing for central bank meetings, a deluge of quarterly earnings reports, and crucial U.S. economic data.

Barchart

S&P Futures Tick Lower Ahead of Fed Meeting

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