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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
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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. ....

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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. ....

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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. ....

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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. ....

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