Tag: First Republic
Ex-UBS President Weber warns of risks in banking with wealthy customers
Axel Weber The long-standing president of the major bank UBS warns against underestimating the risks involved in doing business with wealthy customers. (Photo: Bloomberg) Zurich The longtime president of the…
The Big Short Investor was heavily invested in US banks
Michael Burry The star investor is known for his bold trades. (Photo: © 2010 Bloomberg Finance LP) Dusseldorf Michael Burry is known for being a star investor who likes to…
Star investor was heavily invested in US banks
Michael Burry The star investor is known for his bold trades. (Photo: © 2010 Bloomberg Finance LP) Dusseldorf Michael Burry is known for being a star investor who likes to…
Why the crisis of confidence in regional banks is so difficult to stop
First Republic Bank in San Francisco The struggling US regional bank was taken over by the financial group JP Morgan Chase. (Photo: Bloomberg) Denver These are names that, until recently,…
Why the crisis of confidence in small institutions is so difficult to stop
First Republic Bank in San Francisco The struggling US regional bank was taken over by the financial group JP Morgan Chase. (Photo: Bloomberg) Denver These are names that, until recently,…
This small US bank no longer wants to be mistaken for the ailing Pacwest
banks in crisis The ailing Pacific Western Bank of California has nothing to do with Pacific West Bancorp. (Photo: AP) New York/Dusseldorf Similar names are causing confusion among US regional…
Banking crisis in the US: Short sellers see risks here
Stock exchanges New York Regional bank shares are under pressure again. (Photo: dpa) Dusseldorf Fear of a regional banking crisis in the US is back: First Republic Bank was the…
Banking crisis in the US: Short sellers see risks here
Stock exchanges New York Regional bank shares are under pressure again. (Photo: dpa) Dusseldorf Fear of a regional banking crisis in the US is back: First Republic Bank was the…
How the state relieves parents
Berlin If parents are looking for financial support from the state, they quickly come across two classic options: child benefit and parental benefit. But there are also a number of…
US considers higher deposit insurance for companies
First Republic Bank The regional bank was sold to the major bank JP Morgan. (Photo: dpa) Denver After the bankruptcy of the First Republic Bank on Monday, a debate broke…
JP Morgan acquires First Republic Bank
First Republic The regional bank will be subject to the FDIC and then resold directly. (Photo: Bloomberg) Denver, Frankfort The crisis-ridden First Republic Bank is taken over by the largest…
JP Morgan acquires First Republic Bank
First Republic The regional bank will be subject to the FDIC and then resold directly. (Photo: Bloomberg) Denver JP Morgan takes over the troubled First Republic Bank. The California Department…
First Republic rescue delayed
First Republic The regional bank is to be subject to the FDIC and then resold directly. (Photo: Bloomberg) Denver The rescue of the crisis-ridden First Republic Bank is apparently more…
First Republic Struggles to Survive as Stock Plunges 50 Percent
Denver Regional bank First Republic is battling a loss of customer and investor confidence. The stock fell 50 percent on Tuesday. Concerns about the bank’s stability have returned after poor…
First Republic wants to lay off up to 25 percent of the workforce
Total deposits now stand at $104.5 billion and include $30 billion that 11 major US banks parked with the First Republic in mid-March. If these are added to the remaining…
First Republic plans to lay off up to 25 percent of its workforce – shares fall 21 percent in after-hours trading
new York The bank run at the First Republic Bank (FRB) from San Francisco was apparently more dramatic than initially assumed. In March, customers of the institute withdrew deposits of…
First Republic plans to lay off up to 25 percent of its workforce – shares fall 21 percent in after-hours trading
new York The US regional bank First Republic announced on Monday evening that it intends to lay off 20 to 25 percent of its workforce in the current quarter. In…
‘Vital for the middle class’: Concerns about US regional banks are growing
View of the New York skyline For the US economy, the mid-sized regional banks play a much more important role than the big Wall Street banks. (Photo: ddp/Vichie81) Denver Joe…
Short sellers make $513 million in one day
Silicon Valley Bank After the collapse of the Silicon Valley Bank, the US government stepped in and guaranteed customers’ deposits. (Photo: AP) Dusseldorf The exit from Silicon Valley Bank (SVB)…