First Republic’s Connecticut Impact By the Numbers
Regulators seized troubled First Republic Bank early Monday. But despite having only one Connecticut branch, it was still among Fairfield County’s top residential mortgage lenders.
New York Community Bank to Buy Failed Signature Bank
New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a $2.7 billion deal, the FDIC said late Sunday.
Biden Urges Confidence in Banking System After Two Collapses
Despite message of reassurance from the White House, investors continued to dump shares in bank stocks Monday morning. Shares of First Republic Bank plunged more than 70 percent even after the bank said it was accessing emergency funding from the Federal Reserve.
