Aftershocks from its failure rattled the financial system, leading to the failure of Signature Bank and First Republic Bank, and putting several other banks under financial strain.

Source: https://abc11.com/silicon-valley-bank-announces-layoffs-first-citizens-federal-reserve-hiked-interest-rates/13295993/

Allen: So, with the close of First Republic Bank and JPMorgan Chase kind of stepping in there, what are your thoughts on how that shook out and the federal government’s role in that?

Source: https://www.dailysignal.com/2023/05/15/is-money-safe-financial-expert-explains-bank-failures-questions-activity-jpmorgan-chase/?utm_source=rss&utm_medium=rss&utm_campaign=is-money-safe-financial-expert-explains-bank-failures-questions-activity-jpmorgan-ch

Already, First Republic Bank and Signature Bank are under stress with rapidly falling stock prices and there may be more.

Source: https://seekingalpha.com/article/4586930-biotechs-reel-from-svb-collapse-but-not-all-bad?source=feed_all_articles

A near-fatality was San Francisco-based First Republic Bank, which was rescued after 11 major financial institutions threw it a $30 billion lifeline Thursday.

Source: https://www.postandcourier.com/business/sc-bankers-on-alert-but-not-alarmed-about-the-industrys-latest-crisis/article_53bd51d4-c3a7-11ed-8247-e3d6e4b32a99.html

Another US bank, Signature Bank, was also shut down by the Federal Deposit Insurance Corporation (FDIC) and the First Republic Bank has been aided by its rivals who are clearly worried about contagion.

Source: https://www.irishexaminer.com/business-columnists/arid-41096776.html

Boston Partners acquired a new position in First Republic Bank in the third quarter valued at approximately $81,253,000.

Source: https://www.americanbankingnews.com/2023/02/27/alphacrest-capital-management-llc-raises-holdings-in-first-republic-bank-nysefrc.html

Concerns about the strength of U.S. banks have weighed on markets lately, especially the spotlight on First Republic Bank.

Source: https://rapidcityjournal.com/lifestyles/technology/stock-market-today-asian-shares-rise-despite-banking-fears/article_e6c44e71-1756-56a8-99ed-d9289bab39bb.html

Especially as a few days ago, the third FDIC-insured bank in the United States collapsed - after Signature Bank and Silicon Valley Bank in March 2023, the First Republic Bank followed in May 2023.

Source: https://seekingalpha.com/article/4601436-us-bancorp-the-risk-of-catching-a-falling-knife?source=feed_all_articles

Executives at Silicon Valley Bank, Signature Bank and First Republic Bank were paid millions of dollars over their tenures up until their banks failed, the bulk of the compensation coming in the form company stock.

Source: https://bankerandtradesman.com/bank-ceo-pay-in-focus-as-failed-bank-heads-testify/

FILE - A pedestrian walks past a First Republic Bank in San Francisco on April 26, 2023.

Source: https://www.gjsentinel.com/news/us/first-republic-in-limbo-as-us-regulators-juggle-banks-fate/article_9b9f82f2-dece-5adb-a785-92b1e86c51c7.html

FILE PHOTO: A person walks past a First Republic Bank branch in Midtown Manhattan in New York City, New York, U.S., March 13, 2023.

Source: https://gazette.com/news/us-world/bank-rescues-ease-crisis-fears-but-investors-worry-its-not-enough/article_0515d191-577e-57a3-b4d6-bddb42f01461.html

First Republic Bank became the second largest failure in history Monday when regulators seized it and JP Morgan Chase stepped up as a buyer.

Source: https://ktar.com/story/5490460/fdic-recommends-overhauling-us-insurance-deposit-system/

First Republic Bank caters to customers with high account balances, many with deposits over the FDIC’s $250,000 protection limit.

Source: https://biztoc.com/x/6a4acb990f8003eb?ref=ff

First Republic Bank () was downgraded to junk by S&P and Fitch on March 15 and by Moody's on March 17, reflecting the pressure on the company following SVB's collapse earlier in March.

Source: https://seekingalpha.com/article/4594924-rating-migrations-shake-up-sector-exposure?source=feed_all_articles

First Republic Bank woes mount despite Wall Street rescuecbsnews.

Source: https://biztoc.com/x/3c45c75b572d791b?ref=ff

In keeping with HSBC, JPMorgan recently purchased First Republic Bank (FRB) which collapsed shortly after SVB, enhancing JPMorgan’s presence in Silicon Valley and the global technology sector.

Source: https://www.jewishpress.com/news/business-economy/report-jpmorgan-offering-banking-services-in-israel-to-hi-tech-companies/2023/06/19/

JPMorgan is buying First Republic Bank after it was taken over by regulatorsbusinessinsider.

Source: https://biztoc.com/x/ab04191c4df3bd6a?ref=ff

Justin Sullivan/Getty Images (NEW YORK) — First Republic Bank has become the third bank to fail in recent months and the giant JPMorgan Chase will assume all of its assets, according to the Federal Deposit Insurance Corporation.

Source: https://www.mycentraloregon.com/2023/05/02/hollywood-writers-strike-to-begin-as-talks-end-without-agreement/

Last Friday, we learned that the biggest banks in the U.S. will contribute billions of deposits toward troubled First Republic Bank.

Source: https://investorplace.com/2023/03/how-fix-the-banking-sector/

On Monday, the Federal Deposit Insurance Corporation (FDIC) that regulators had seized First Republic Bank, which JPMorgan is set to acquire now.

Source: https://247wallst.com/investing/2023/05/01/4-us-bank-failures-in-4-months-is-the-wave-over/