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Gregory Becker, former CEO of Silicon Valley Bank, arrives to testify to a Senate Banking, Housing, and Urban Affairs hearing examining the failures of Silicon Valley Bank and Signature Bank, Tuesday, May 16, 2023, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

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Heads of failed banks questioned on executive pay, how they handled risk at Senate hearing
By KEN SWEET - The Associated Press
Mon,05/15/23-8:09PM , 361 Reads
NEW YORK (AP) — Executives from two large U.S. banks that failed dramatically in March appeared in front of the Senate Banking Committee on Tuesday to respond to questions about why their banks went under and what regulators could have done to avoid the calamities.
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People walk past a First Republic Bank in New York, Monday, May 1, 2023. Regulators seized the troubled First Republic Bank early Monday, making it the second-largest bank failure in U.S. history, and promptly sold all of its deposits and most of its assets to JPMorgan Chase in a bid to stop further banking turmoil that has dominated the first half of this year. (AP Photo/Stefan Jeremiah)

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First Republic Bank seized, sold in fire sale to JPMorgan
By KEN SWEET - AP Business Writer
Mon,05/01/23-12:02AM , 671 Reads
NEW YORK (AP) — Regulators seized troubled First Republic Bank early Monday, making it the second-largest bank failure in U.S.
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A pedestrian walks past a First Republic Bank in San Francisco on April 26, 2023. Regulators continued their search for a solution to First Republic Bank’s woes over the weekend before stock markets were set to open Monday, May 1. (AP Photo/Jeff Chiu, File)

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First Republic up in air as regulators juggle bank's fate
By KEN SWEET - AP Business Writer
Sun,04/30/23-5:09PM , 379 Reads
NEW YORK (AP) — Regulators continued their search for a solution to First Republic Bank’s woes over the weekend before stock markets were set to open Monday.
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A television screen displaying financial news, including the stock price of First Republic Bank, is seen inside one of the bank's branches in New York's Financial District, on March 16, 2023. Customers of the bank pulled more than $100 billion in deposits out of the bank during the March crisis, as fears swirled that it could be the third bank to fail after the collapse of Silicon Valley Bank and Signature Bank. (AP Photo/Mary Altaffer, File)

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First Republic Bank stock plunges as depositors flee
By KEN SWEET - AP Business Writer
Tue,04/25/23-7:36AM , 316 Reads
NEW YORK (AP) — First Republic Bank's stock plunged Tuesday after it said depositors withdrew more than $100 billion during last month’s crisis, with fears swirling that it could be the third bank to fail after the collapse o
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