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Obaseki, Oramah, others win Zik prize in leadership – The Sun Nigeria

Obaseki, Oramah, others win Zik prize in leadership – The Sun Nigeria
sunnewsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunnewsonline.com Daily Mail and Mail on Sunday newspapers.

South africaEdo stateRepublic of zambiaSouth africanEmeka obasiBenedict okey oramahPat utomiTaiwo afolabiIsa bagudaHajiyya bagudaHakainde hichilemaNnamdi azikweChukwudi nwejeHajiya aisha atiku bagudaGeorge obiozorGodwin obaseki

JPMorgan Chase, FDIC put an end to First Republic s slow bleed

First Republic Bank was shuttered by regulators early Monday, and all its deposits and most of its assets were acquired by JPMorgan. San Francisco-based First Republic was undone by low-rate mortgages it made to its wealthy customers as well as by the fallout from last month's banking crisis.

United statesSan franciscoTodd bakerGene ludwigMike rofflerJamie dimonCitizens financial groupSignature bankWells fargoSilicon valley bankFirst republic bankCalifornia department of financial protectionFederal reserveDeposit insurance fundDeposit insurance corpTreasury department

FDIC hands muni-laden First Republic to JPMorgan Chase

First Republic Bank was shuttered by regulators early Monday, and all its deposits and most of its assets were acquired by JPMorgan. San Francisco-based First Republic was undone by low-rate mortgages it made to its wealthy customers as well as by the fallout from last month's banking crisis.

San franciscoUnited statesJamie dimonTodd bakerGene ludwigMike rofflerFirst republic bankCitizens financial groupTreasury departmentRichman centerWells fargoCalifornia department of financial protectionUs bancorpSignature bankFederal reserveDeposit insurance corp

With First Republic on the brink, all eyes are on uninsured deposits

A last-minute deal between the Federal Deposit Insurance Corp. and a large bank could ensure that the San Francisco company's uninsured depositors will be covered. That group includes 11 big banks that deposited $30 billion at First Republic last month.

United statesSan franciscoTodd bakerMike rofflerRichman centerCitizens financial groupFinancial services groupTreasury departmentLaw public policy at columbia universityDeposit insurance corpSilicon valley bankFirst republic bankSignature bankWells fargoJpmorgan or bankUs bancorp

First Republic Bank to cut staff, explore strategic options

The San Francisco bank, on shaky ground after two regional peers failed last month, said that customers pulled more than 40% of their deposits last quarter. It's been forced to turn to more expensive sources of funding, which analysts said will squeeze its profitability.

San franciscoUnited statesJanney montgomery scottMike rofflerEric thayer bloombTim coffeyDavid smithFirst republic bankDeposit insurance corpAutonomous researchSignature bankSilicon valley bankHome loan bankAutonomous research smithFirst republicRepublic bank