DarrenJun 8, 2024
The #firstrepublicbank -> #chase conversion continues on its smooth trajectory. They apparently just prematurely shut down a whole bunch of atm cards before issuing replacement cards. "1 business day" to restore them, which means next week. Banking IT - great work if you can get it. You get the weekends off.
Show threadNonilexApr 26, 2024

FYI #FirstRepublicBank no longer exists. It was seized & sold by regulators last yr.

#MichaelCohen’s very direct involvement is now center stage.

Do you know someone named Michael Cohen?” #Mangold asks Farro.

“Yes I do,” Farro replies.

Of note, a 2018 WSJ reported that First Republic Bank filed a #SAR (suspicious activity report) relating to the Cohen money.

#law #Trump #TrumpTrial
https://www.wsj.com/articles/trump-lawyers-payment-to-porn-star-was-reported-as-suspicious-by-bank-1520273701

Steve Dustcircle 🌹May 5, 2023
#FirstRepublicBank: The second largest crash in #US #history, another example of #bailout
https://peoplesdispatch.org/2023/05/03/first-republic-bank-the-second-largest-crash-in-us-history-another-example-of-bailout/
First Republic Bank: The second largest crash in US history, another example of bailout : Peoples Dispatch

First Republic Bank, holding USD 233 billion in assets, collapsed and was sold to banking giant JP Morgan Chase

Peoples Dispatch
MufasaMay 4, 2023

Elizabeth Warren tweets:

If bank executives load up on risk and succeed, they get rich. If they load up on risk and fail, they still get rich, even if they tank the whole economy. So let’s change those incentives. Let’s pass my bipartisan bill to claw back executive pay and bonuses after bank failures.

#SVB #FirstRepublicBank
https://twitter.com/ewarren/status/1653444268554321941

Elizabeth Warren on Twitter

“If bank executives load up on risk and succeed, they get rich. If they load up on risk and fail, they still get rich, even if they tank the whole economy. So let’s change those incentives. Let’s pass my bipartisan bill to claw back executive pay and bonuses after bank failures.”

Twitter
Poetry NewsMay 2, 2023

Banking system safe
Government ensures all safe
Depositors secure

#banking #fdic #jpmorgan #firstrepublicbank #haiku #poetry

https://www.msnbc.com/msnbc/watch/biden-assures-that-all-depositors-from-first-republic-bank-will-be-protected-172062789560

Biden assures that all depositors from First Republic Bank will be protected

Following the third bank failure this year, President Joe Biden assured small business owners that the U.S. banking system is "safe and sound" after First Republic Bank was seized by the FDIC and sold to JPMorgan.

MSNBC
Adam R. Smith (AmericanScream)May 2, 2023
#crypto #bitcoin #firstrepublicbank #banks #finance #humor #funny #meme #btc #eth #beyourownBank #cryptoReality
Jericho JamestonMay 2, 2023
#Dow Plunges 500 Points following #FirstRepublicBank Collapse as #WallStreet Awaits #Fed Decision: https://www.cnbc.com/2023/05/01/stock-market-today-live-updates.html
Stock futures are down slightly as investors prepare for Fed meeting: Live updates

Investors are watching for economic news as well as the latest corporate earnings.

CNBC
Deutsche Welle (inoffiziell)May 2, 2023
JPMorgan übernimmt die angeschlagene First Repubic Bank in den USA. Damit ist die Bankenkrise zurück auf der Tagesordnung. Zudem liegt nun der Fokus auf den Notenbanken, allen voran der Fed mit ihrem Zinsentscheid.#Banken #FirstRepublicBank #Fed #Notenbank #Bankenkrise
Verkauf der First Republic Bank schürt neue Unsicherheit | DW | 02.05.2023
Verkauf der First Republic Bank schürt neue Unsicherheit | DW | 02.05.2023

JPMorgan übernimmt die angeschlagene First Repubic Bank in den USA. Damit ist die Bankenkrise zurück auf der Tagesordnung. Zudem liegt nun der Fokus auf den Notenbanken, allen voran der Fed mit ihrem Zinsentscheid.

DW.COM
sureshgeorgeMay 2, 2023
#FirstRepublicBank #JPMorgan advises bank before collapse, collects a £2bn fee for admin,takes over after collapses with $50bn govt credit line and loss sharing. A web of opaqueness to conceal a shareholder wipe out, engineered by an inglorious global financial system. Source:FT
Poetry NewsMay 2, 2023

Third bank taken over
FDIC helps out the customer
JPMorgan gains one

#firstrepublicbank #fdic #jpmorgan #banktakeover #haiku #poetry

https://www.nbcnews.com/business/business-news/first-republic-bank-fdic-takeover-sold-jp-morgan-rcna81437

First Republic Bank taken over by FDIC and sold to JPMorgan

First Republic Bank has been taken over by the Federal Deposit Insurance Corporation and will be sold to JPMorgan — the third major bank to go under in less than two months.

NBC News