Banking

The FDIC set a Sunday deadline for bidding on First Republic Bank and has asked JPMorgan Chase & Co., PNC Financial Services Group, and other banks to send final bids.

JPMorgan Chase & Co. and PNC Financial Services Group are expected to bid to buy First Republic Bank after it is taken over by the FDIC.

The FDIC is planning to take ownership over First Republic Bank imminently and says that there's no time for the bank to go after a private sector rescue, according to a report from Reuters.

An internal review of the Federal Deposit Insurance Corporation’s supervision of Signature Bank concluded “poor management" led to the bank’s failure.

Shares of First Republic Bank tanked on Friday amid reports of uncertainty about whether the lender could see a rescue deal.

The Federal Reserve on Friday released its report on what led to the collapse of Silicon Valley Bank, placing blame on the lender's management and calling for better regulation.

A slew of companies including Lyft, Dropbox, First Republic Bank and Gap revealed this week they plan to trim their headcounts. They join Disney and Amazon.

Sen. Ted Cruz and Rep. Jim Jordan wrote to San Francisco Federal Reserve Chair Mary Daly to request information on the Fed's supervision of Silicon Valley Bank prior to its failure.

Shares of First Republic Bank tumbled to a new low on Wednesday following after sliding Monday on the news the bank's deposits fell 40% during the crisis that hit regional lenders.

A senior executive of Citigroup has been let go from the multinational bank after his connections with disgraced financier Jeffrey Epstein were made public.

The lawsuit filed late Monday in San Francisco federal court accused First Republic and its auditor KPMG of misrepresenting the strength of the bank's balance sheet and liquidity.

First Republic Bank released its first-quarter financial results, which revealed a 40% decline in deposits compared to the end of 2022 in the wake of the recent banking crisis.

Five-year CDs top out around 4.5% annually, nearly a full percentage point more than a 5-year Treasury note, and don’t have the purchase limits of an I Bond.

Even if you’re only keeping modest savings in your bank account, you could make more significant gains over the long term by finding an account with a better rate.

Banks are paying up for savers' deposits in a much bigger way than they have in more than a decade, based on recent earnings reports from the nation's biggest banks.

Major private equity firms including Apollo and Blackstone are struggling to fundraise as easy money dries up and REITs begin to crumble.

Mass layoffs in 2023 have the diminished cybersecurity workforce and opened a door for cybercriminals to attack online banking, trading, investing and digital assets.

The Consumer Financial Protection Bureau (CFPB) disclosed that a former employee of theirs forwarded the confidential records of 256,000 consumers to their personal email account.

Revenue from Nasdaq's indexes, which are widely referenced by exchange-traded products and provide the company with licensing fees, fell 9.8% to $110 million.

Investment banks have suffered the most from a downturn in M&A activity as investors shunned risky bets against the backdrop of volatile markets and rapidly rising interest rates.