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Banking crisis

Banks in Turmoil

To prevent bank runs, FDIC wants to shore up its coverage of bank accounts

by Nancy Marshall-Genzer
May 4, 2023
But it needs Congress's blessing.
The FDIC released a report on Monday with suggestions on how to improve federal backstops on deposits, with an aim to preventing bank customers from withdrawing their money in a panic.
Patrick T. Fallon/AFP via Getty Images
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What do bank branches offer in an online-banking world?

by Stephanie Hughes
May 3, 2023
JPMorgan Chase's purchase of First Republic includes its brick-and-mortar locations. In-person interaction is still a key part of the business.
Spencer Platt/Getty Images
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Banks in Turmoil

How will banking change amid wreckage of SVB, First Republic?

by Justin Ho
May 2, 2023
New regulation and industry consolidation will be key. Loans may be scarcer for new businesses and in low-income and rural communities.
Executives and regulators would like the fallout of the recent bank failures to be limited, but the impact is being felt.
Justin Sullivan/Getty Images
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Banks in Turmoil

What's next for JPMorgan after acquiring First Republic?

by Mitchell Hartman
May 2, 2023
JPMorgan acquired First Republic's assets and customers, but also a lot of outstanding debt.
JPMorgan Chase CEO Jamie Dimon is pictured. The bank's acquisition of First Republic means it assumes a large number of new assets, customers and debt.
Eric Piermont/AFP/Getty Images
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Banks in Turmoil

For JPMorgan, loss sharing sweetened its deal to buy First Republic Bank

by Sabri Ben-Achour
May 1, 2023
For one, help from the FDIC, which will absorb up to 80% of the losses coming from First Republic's residential and commercial loans.
The FDIC seized control of First Republic Bank over the weekend and auctioned it off.  JPMorgan won that auction, and it’s paying a cool $10.6 billion for it.
Justin Sullivan/Getty Images
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Banks in Turmoil

By acquiring First Republic, JPMorgan becomes "too big to be too-big-to-fail"

by David Brancaccio , Ariana Rosas , Alex Schroeder and Jarrett Dang
May 1, 2023
The reverberations of the Silicon Valley Bank collapse have taken down First Republic. What's next for the financial industry?
JPMorgan Chase's acquisition of First Republic further consolidates the industry in the country's largest bank, says the University of Michigan's Erik Gordon.
Johannes Eisele/AFP via Getty Images
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Banks in Turmoil

When short sellers bet against banks

by Matt Levin
Apr 28, 2023
Short sellers have made more than a billion dollars betting that First Republic would tank. Is that good for financial stability?
Justin Sullivan/Getty Images
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Banks in Turmoil

Fewer cranes on the horizon? Banking tumult could slow nonresidential construction

by Stephanie Hughes
Mar 28, 2023
Smaller and regional banks are major lenders not only for office construction, but also building projects like hospitals, educational institutions and ports.
Cranes on a construction site in southeast Baltimore work to build office space. Spending for non-residential projects is up nearly 16% in the past year, according to the Census Bureau, and that is due in part to rising building costs.
Stephanie Hughes/Marketplace
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Banks in Turmoil

Could commercial real estate be the next shoe to drop at regional banks?

by Matt Levin
Mar 27, 2023
Analysts say there's no reason to panic, but the sinking values of commercial properties could make those banks' balance sheets look pretty bad.
"The banks have $270 billion of commercial real estate loans coming due this year," said Matt Anderson, a managing director at Trepp Inc.
Justin Sullivan/Getty Images
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Banks in Turmoil

What's next for financial regulators after the banking jitters?

by David Brancaccio , Chris Farrell and Alex Schroeder
Mar 23, 2023
The recent bank rescues should serve as a wake-up call for regulators to do more, says senior economics contributor Chris Farrell.
Drew Angerer/Getty Images
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