First Republic's takeover worsens the 'too big to fail' bank problem, and taxpayers will be on the hook, Elizabeth Warren says

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Sen. Elizabeth Warren
Sen. Elizabeth Warren.

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US stocks mixed as traders mull impact of First Republic failure and brace for big Fed meeting

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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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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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JPMorgan is buying First Republic Bank after it was taken over by regulators

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First Republic Bank
First Republic Bank branch on Park Avenue in New York City.

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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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First Republic Bank shares tank 43% after report says the struggling lender is likely to be taken over by the government

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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 after Silicon Valley Bank's failure.

Justin Sullivan/Getty Images

'Big Short' investor Michael Burry predicted a cash crunch. A top JPMorgan banker says that painful problem is fueling a banking crisis

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Michael Burry big short
Michael Burry.

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First Republic just revealed how SVB's failure rattled its business - and shared plans that may fuel fears of a credit crunch

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office space bobs
First Republic's bosses expect to lay off 20% to 25% of the bank's employees this quarter.

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