JPMorgan Q2 Profit Jumps with Boost from First Republic Takeover
In the deal, JPMorgan acquired 84 First Republic branches, bringing it $92 billion in deposits and $203 billion in loans and other securities.
JPMorgan Promised First Republic Workers ‘Clarity’ on Jobs By May 31
For any Fairfield County banks hoping to lure away former First Republic Bank workers and their client relationships, it appears that next Wednesday could be the magic day.
The Banking Crisis Isn’t Over. But How Bad Will It Get?
Uncertainty continues to pummel the banking industry, despite assurances from financial regulators and bankers such as Jamie Dimon this week that the worst of the recent crisis is over and the health of the banking system remains strong.
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.
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.
