The Latest Breaking News from First Republic

Deadline of Sunday set for companies such as JPMorgan Chase to table offer for California bank whose shares have plummeted

The government hopes to resolve the fate of bank by Monday's open on Wall Street.

First Republic Bank became the second-biggest bank failure in U.S. history after the lender was seized by the Federal Deposit Insurance Corp. and sold to JPMorgan Chase on May 1, 2023. First Republic is the latest victim of the panic that has roiled small and midsize banks since the failure…

The once high-flying bank has seen shareholders flee as concern mounts that the FDIC may have to step in.

It was more than the SVB bank run that put First Republic in a vulnerable position, an analyst says.

First Republic Bank's stock continued to sink Wednesday, an ongoing rout that has erased 60% of its value just this week on concerns about the bank's financial health in the wake of two other bank collapses.

The Australian share market has fallen for the fifth session in a row, and vitamins firm Blackmores has soared after Japan's Kirin Holdings announced it would buy the natural health company for nearly $2 billion.

Reports show US govt may not intervene in rescue process and regulators may downgrade bank’s score, compounding stress.

Trading of First Republic Bank shares were halted multiple times today, as investors sold off shares, alarmed by financial disclosures from the bank.