Jakarta – The banking crisis in the United States (US) continues. After Silicon Valley Bank, now is the turn First Republic Bank who went bankrupt because their savings in the bank plummeted. Quoting CNN, Tuesday (2/5/2023) First Republic Bank was confiscated by the Federal Deposit Insurance Corporation and immediately taken over by JPMorgan Chase. First … Read more
The US government has reached out to JPMorgan, PNC, and several other financial institutions, including investment firms outside of the banking industry, to participate in a bidding process for all or part of First Republic. The move is an attempt by US regulators to determine the cost of taking over the struggling California lender. Over … Read more
A branch of First Republic Bank in Midtown Manhattan, New York, USA. Reuters Yonhap News The Wall Street Journal (WSJ) reported on the 28th (local time) that large US banks such as JP Morgan and PNC Financial Services Group have jumped into a bid to take over First Republic Bank, which is on the verge … Read more
ANP NOS News•today, 21:48•Amended today, 21:56 The banking crisis in the United States does not seem to be over yet: for the third time in a month, a medium-sized bank is on the verge of collapse. It is on the New York Stock Exchange share of the First Republic Bank collapsed like a house of … Read more
New York The bank run at the First Republic Bank (FRB) from San Francisco was apparently more dramatic than initially thought. In March, customers of the institute withdrew deposits of a good 100 billion dollars, as the bank announced on Monday evening when it published its quarterly figures. Total deposits now stand at $104.5 billion … Read more
Investors are keeping a watchful eye on the stock market as a slew of big tech companies release their corporate earnings and new economic data is set to be revealed. Dow Jones Industrial Average futures dipped by 0.13%, while S&P 500 and Nasdaq 100 futures declined by 0.14% and 0.15%, respectively, as the earnings season … Read more
Warren Buffett The star investor had already become active during the 2008 financial crisis. (Photo: AP) Denver Bankers, regulators and government officials have been dealing with a central question for days: How can trust in the US banking system be restored after the Silicon Valley Bank (SVB) went bankrupt? Star investor Warren Buffett is apparently … Read more
NEW YORK The leading index Dow Jones Industrial shook off initial losses and recently rose by 0.21 percent to 31,940.38 points. The other indices presented themselves even stronger: The market-wide S&P 500 rose by 0.70 percent to 3919.10 points and the technology-heavy Nasdaq 100 by 1.31 percent to 12,411.57 points. Shortly before the start of … Read more
Jakarta – First Republic Bank in the United States (US) became one of the institutions that were on the brink of the impact of the case of the collapse of Silicon Valley Bank. The shaky trust of customers caused the bank’s shares to drop and deposits decreased. Even so, a group of large US banks … Read more
The fear triggered by the failure of Silicon Valley Bank and Signature Bank seems, at least for now, to have passed. Stock exchanges on both sides of the Atlantic advance strongly with gains of more than 2% thanks to the banks that are regaining momentum and US inflation in line with expectations. Piazza Affari tries … Read more