Regulators prepare to seize, sell First Republic Bank spokesman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from spokesman.com Daily Mail and Mail on Sunday newspapers.
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.
The Collapse of Silicon Valley Bank: An Interview with Professor Bradford Gibbs brownpoliticalreview.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from brownpoliticalreview.org Daily Mail and Mail on Sunday newspapers.
US banks are calling on the government to protect deposits archyde.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archyde.com Daily Mail and Mail on Sunday newspapers.
In a joint statement, US authorities said they would work to protect depositors, and losses would not be borne by the taxpayer. President Biden said he would make a further statement on Monday morning.