First Republic: JP Morgan to take over major US bank
JP Morgan Chase is acquiring First Republic Bank, which recently collapsed, with the approval of regulators. The Federal Deposit Insurance Corporation confirmed the collapse of the San Francisco-based bank and JP Morgan will take...
Fed says it failed to take forceful action on SVB
The Federal Reserve has admitted to not taking strong enough action in overseeing Silicon Valley Bank, which collapsed last month and caused concerns about the banking industry. The Federal Reserve’s investigation found that regulatory...