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First Republic Bank Newsroom
Citizens Financial Snags $1 Billion Former First Republic Advisor Team From JPMorgan Chase -- Barrons.com
By Andrew Welsch Citizens Financial Group recruited a former JPMorgan Chase advisor team that managed nearly $1 billion in client assets and previously worked at First Republic Bank, the failed lende
Correction to First Republic Customer Story -- WSJ
Customers weren't able to make payments with their debit and credit cards after the migration. "They Were Used to Five-Star Service at First Republic. Now They're Just Regular Customers," at 9 p.m. ET
They Were Used to Five-Star Service at First Republic. Now They're Just Regular Customers. -- WSJ
By Alexander Saeedy First Republic Bank had a knack for making customers feel special. Its new owner isn't getting such rave reviews. Over Memorial Day weekend, all First Republic customers were mov
Fulton Financial Acquires Republic First Bank After First U.S. Bank Failure of 2024
The move represents the latest crack - and the latest bandage job - in the beleaguered regional-banking industry.
JPMorgan Loses Multiple Former First Republic Advisor Teams With More Than $13 Billions in Assets -- Barrons.com
By Andrew Welsch JPMorgan Chase's wealth management business lost four large financial advisor teams overseeing a total of approximately $13.5 billion in assets to three rivals, including Merrill Lyn
US regional banks will remain under pressure
Although the crisis was overcome in 2023, the suffering of regional banks in the US is not over.
BNY Mellon's Pershing Is Still Losing Assets. Blame the Regional Bank Crisis -- Barrons.com
By Andrew Welsch First Republic Bank collapsed a year ago, but the fallout is still being felt in the wealth management industry. Case in point: Bank of New York Mellon's Pershing. Pershing reported
Texas Pension Fund's Bets on Regional Banks Turn Sour -- WSJ
By Heather Gillers A Texas pension fund lost about $9 million over the past 13 months investing in U.S. regional banking firms just days before their stock prices collapsed. The bets on New York Com
Regional Bank Stocks Drop on NYCB News. It's More Caution Than Fear.
Two years of rapidly rising interest rates have driven down property prices and made it harder for banks' clients to pay off loans.
Valley National and Other Regional Banks Stocks Drop in Tandem With NYCB -- Barrons.com
By Brian Swint Regional banks were falling after New York Community Bancorp took a surprise charge in its fourth-quarter earnings. The concern is that other regional lenders may also be experiencing
Congresswoman Maxine Waters 'Deeply Opposed' to Capital One-Discover Deal
NYCB's Problems Worsen With a Moody's Downgrade. The Stock Is Sinking.
The problems at New York Community Bancorp stem from its loans on commercial real estate.
New York Community Bancorp Shares Continue Plunge After Ugly Earnings
New York Community Bancorp shares plunged around 22% Tuesday to their lowest close since 1997, continuing a brutal selloff of the Hicksville, N.Y.-based regional bank after ugly fourth-quarter results last week.
New York Community Bancorp's Stock Tumbles on Loan Troubles, Dragging Down Other Regional Banks
New York Community Bancorp reported a surprise loss as it wrote down bad real estate loans, sending its stock tumbling Wednesday and dragging down the share prices of regional banks across the country.
US Bank Stocks Sink After New York Community Bancorp Cuts Dividend
Regional Banks' Q4 Results Show NII Pressure Likely to Persist in 2024
Jamie Dimon's Pay Soars To $36M In 2023 As JPMorgan Secures Highest-Ever Profit
The board of JPMorgan Chase & Co. (NYSE:JPM) has approved a substantial pay raise for its CEO, Jamie Dimon, for the year 2023. This decision comes in the wake of the bank's record-breaking profits.Wha
US stock bears lost a whopping $1950 billion last year! Regional banks have become profitable tools, and shorting Tesla (TSLA.US) has caused heavy losses
Shorting US regional banks and vaccine makers is one of the few highlights of the bears in 2023.
US stock bears lost nearly $1950 billion last year, while Tesla bears ranked first with a loss of 12.2 billion dollars
According to data from financial analysis firm S3 Partners, throughout 2023, US stock bears reached nearly $1950 billion in book losses, offsetting about two-thirds of the nearly $300 billion profit they received during the 2022 market crash. This figure is higher than the cumulative loss of US stock bears in 2021 of about US$142 billion, but lower than the loss of US$242 billion in 2020. Tesla bears lost the most. The electric car maker's stock price nearly doubled in 2023, causing the bears to lose $12.2 billion on their books. Bears lose the most
JPMorgan Retained 90% of First Republic Clients After Takeover
JPMorgan Chase & Co. retained 90% of First Republic’s clients after buying the bank in a government-led auction earlier this year.