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Traders on the floor of the New York Stock Exchange (NYSE)
Traders on the floor of the New York Stock Exchange (NYSE)

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  • US stocks were mixed Monday following the failure and regulatory seizure of First Republic Bank. 
  • JPMorgan will takeover $92 million of the bank's deposits and CEO Jamie Dimon said the financial system is "sound."
  • The failure took place just before the Fed's policy decision due out on Wednesday. 

US stocks traded mixed on Monday as investors entered trading in May assessing what's next for the financial system after First Republic Bank this weekend became the second largest bank failure in US history.  

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Markets, MI Exclusive, Stocks, S&P 500, Dow Jones Industrial Average, Nasdaq Composite, Equities, Market Outlook, first republic bank, JPMorgan, Jamie Dimon, Banking stocks, Banking Crisis, Federal Reserve, Monetary Policy, FDIC, Federal Deposit Insurance Corporation
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US stocks mixed as traders mull impact of First Republic failure and brace for …