First Republic shares hit record low after depositors pull $100bn | Banks
First Republic’s stock closes down nearly 50 percent amid questions about San Francisco lender’s future. First Republic Bank’s shares have plunged to a record low…
Treasury, regulators unveil rescue for bank depositors
“The U.S. banking system remains resilient and on a solid foundation, in large part due to reforms that were made after the financial crisis,” Treasury…
Silicon Valley Bank seized by FDIC as depositors pull cash | Business and Economy News
The bank failed after depositors – mostly technology workers and venture capital-backed companies – created a run on it. The Federal Deposit Insurance Corporation seized…