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Pacwest Stock Plummets Over 35% Following Release of Q1 Earnings Report Amidst Turmoil in Banking Industry
2.5.2023
Following the acquisition of First Republic Bank by JPMorgan Chase, several regional banks such as Pacwest and Western Alliance experienced a significant drop in their stock prices. On Tuesday afternoon, all four major U.S. benchmark stock indexes are in decline as regional bank stocks hit...
Bitcoin Drops Below $28K; JPMorgan Takes Over Embattled First Republic Bank
1.5.2023
BTC’s price had dropped from well above $29,000 since Sunday evening. Investors await Wednesday’s FOMC decision
Stabilizing the Banking System: Biden Reassures Public Amid First Republic Bank Collapse, but Warns of National Debt Default
1.5.2023
Amid the collapse of the second, third, and fourth largest banks in American history, U.S. president Joe Biden reassured the public that the country’s banking system remains sturdy. However, the president also acknowledged the “threat by the speaker of the House to default on...
Bitcoin price threatens $28K support as pre-FOMC mood boosts US dollar
1.5.2023
Bitcoin bulls fail to get a grip despite worries over U.S. banking sector stability, with BTC price near four-day lows
Charlie Munger Raises Concerns Over Troubled Commercial Property Loans at US Banks
1.5.2023
Charlie Munger, the vice chairman of Berkshire Hathaway, stated in a recent interview that American banks are burdened with poor-quality commercial real estate loans. His comments arrive amid the collapse of three major U.S. banks and the expected seizure of First Republic Bank by the federal...
JPMorgan Chase Assumes Control of First Republic Bank Following Seizure by California Regulators
1.5.2023
On May 1, 2023, the California Department of Financial Protection and Innovation (DFPI) seized First Republic Bank, placing it into Federal Deposit Insurance Corporation (FDIC) receivership. According to reports, this move came after the bank’s financial troubles made it insolvent and unable...
2nd biggest US bank failure — 5 things to know in Bitcoin this week
1.5.2023
The failure of First Republic Bank marks a volatile beginning to a busy macroeconomic week, while Bitcoin already faces downside pressure
JPMorgan to acquire troubled First Republic Bank
1.5.2023
Banking giant JPMorgan has won the bid to take over all the assets of the troubled First Republic Bank after efforts to revive it failed
Satoshi’s Last Emails: ‘Make It About the Open-Source Project,’ Economist Predicts ‘Catastrophic’ Fall in US Living Standard, FRC Shares Plummet, and More — Week in Review
30.4.2023
Another week has passed in the world of crypto and finance, with the anniversary of Bitcoin creator Satoshi Nakamoto’s last known emails, predictions of massive declines in Americans’ standard of living, and important developments at the struggling First Republic Bank. All this and more...
First Republic’s crisis is not an isolated incident - suggests JPMorgan exec
30.4.2023
The CIO of JPMorgan Asset Management said it’d be “naive to say that this is just limited to First Republic.”
First Republic Bank Faces Potential Takeover by FDIC Amidst Financial Struggles
29.4.2023
According to multiple reports, First Republic Bank is facing significant financial difficulties and could be taken over by the Federal Deposit Insurance Corporation (FDIC) if private sector banks do not intervene. The FDIC has reportedly approached several large commercial banks regarding...
US Government in Talks to Rescue Struggling First Republic Bank, Sources Say
28.4.2023
Sources have revealed that U.S. government officials are in talks to rescue First Republic Bank, a struggling financial institution. The discussions involve the U.S. Treasury, the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve, according to reports on Friday. Private-Sector...
Cameron Winklevoss claims regulatory double standards over banking crisis
27.4.2023
The CEO of Gemini says things would’ve been handled differently if First Republic was a "crypto" bank
Is It Too Late to Buy Ethereum? This New Project May Be a Better Investment
26.4.2023
Ethereum—the second-largest cryptocurrency by market capitalization—has recently weathered a three-day breakdown from April 19 to 21, leaving market watchers on edge.
During this period of uncertainty, Ethereum's trajectory appeared to stall, moving sideways while cautiously maintaining...
US Banking Industry Still Struggling as First Republic Bank Shares Plummet by Over 30%
26.4.2023
In the midst of a tumultuous week, First Republic Bank is struggling to regain its footing in the financial world. Reports have surfaced that the bank is poised to enter government receivership due to a massive outflow of $100 billion in customer withdrawals last month. This has prompted investors...
Biggest Movers: ADA, SOL Jump 9% Higher on Wednesday
26.4.2023
Cardano was one of Wednesday’s big movers, as bullish sentiment returned to cryptocurrency markets. Spurred by an apparent collapse of First Republic Bank, the global crypto market cap moved 7% higher, as of writing. Solana was also in the green, rising by nearly 9%. Cardano (ADA) Cardano...
First Republic Bank dives another 20% with Bitcoin 'ready for $40K'
26.4.2023
BTC price targets are reaching past the recent ten-month highs with Bitcoin bulls emboldened by First Republic losses
Bitcoin touches $30K as BTC bulls well-positioned for weekly $3.2 billion options expiry
26.4.2023
Weaker U.S. financial system has raised BTC bulls’ odds of profiting $780 million on April 28 options expiry
Bitcoin, Ethereum Technical Analysis: BTC Moves Back Above $29,000, After Customers Withdraw $100 Billion From First Republic Bank
26.4.2023
Bitcoin was back above $29,000 on Wednesday, as markets continued to react to concerns over First Republic Bank. It was reported that customers withdrew around $100 billion in deposits from First Republic in March. Ethereum was also higher on the news, climbing back above $1,900. Bitcoin Bitcoin...
BTC price gains 6% as First Republic Bank drama delights Bitcoin bulls
26.4.2023
Bitcoin continues to benefit from unfolding nerves over U.S. bank stability as a BTC price short squeeze becomes possible once more