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First Republic Bank

Silicon Valley Bank Collapse

Banks working on rescue plan for First Republic, AP sources say

by Associated Press
Mar 16, 2023
A group of Wall Street banks is planning a rescue package of around $30 billion for First Republic Bank, sources told The Associated Press on Thursday.
First Republic serves a similar clientele as Silicon Valley Bank, which failed Friday after depositors withdrew about $40 billion.
Justin Sullivan/Getty Images
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Silicon Valley Bank Collapse

Regional banks under scrutiny: What makes them different?

by Amy Scott
Mar 15, 2023
The failure of Silicon Valley Bank and Signature Bank has put a spotlight on the stability of regional banks.
First Republic Bank, which has locations in eight states, is among the midsize banks that ratings agency Moody’s is reviewing for a possible downgrade.
Patrick T. Fallon/AFP via Getty Images
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