PacWest, Western Alliance lead regional bank sell-off of more than 20% a day after Jamie Dimon said the crisis had ended

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First Republic stock crashes 46% as regulators seize the bank and JPMorgan takes it over

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A pedestrian walks by a First Republic bank on April 26, 2023 in San Francisco, California.
First Republic stock has plummeted in the wake of Silicon Valley Bank's demise.

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Why First Republic failed, and what it means for the rest of the banking industry

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A pedestrian walks by the First Republic Bank headquarters on March 13, 2023 in San Francisco, California.
First Republic's San Francisco headquarters.

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Jamie Dimon says JPMorgan rescued First Republic because the government asked his bank 'to step up, and we did'

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Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co., speaks at the Economic Club of Washington September 12, 2016 in Washington, DC. Dimon joined a discussion on the state of U.S., global and regional economies.
Jamie Dimon is CEO of JPMorgan.

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Jamie Dimon is vying to take control of First Republic Bank, report says, after JPMorgan steered clear of SVB

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Jamie Dimon, JPMorgan
Jamie Dimon is CEO of JPMorgan.

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US stocks rise as investors cheer strong corporate earnings and shake off banking fears

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NYSE happy green chart
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, New York, U.S., March 10, 2020.

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First Republic handed out billions in ultra-low-rate mortgages to the wealthy. It backfired horribly.

Tech Insider : Economy
brownstone stoop

Lucas Jackson/Reuters

Embattled First Republic bank says it will slash jobs as it explores strategic options

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A man rides a bicycle past the First Republic Bank branch in Santa Monica, California.
A man rides a bicycle past the First Republic Bank branch in Santa Monica, California on March 20, 2023.

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Billionaire investor Leon Cooperman says the US is going through a 'textbook' financial crisis and the S&P 500 won't hit a new high for a long time

Tech Insider : Economy
Leon Cooperman
Leon Cooperman

Reuters/ Rick Wilking

Up to 40% of the US economy is set to be squeezed by tighter financial conditions as credit crunch worsens, strategist says

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Th

sad NYSE trader

REUTERS/Brendan McDermid

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