first republic bank

The board of JPMorgan Chase & Co. (NYSE:JPM) has approved a substantial pay raise for its CEO, Jamie Dimon, for the year 2023. This decision comes in the wake of the bank’s record-breaking profits. What Happened: Dimon’s pay for 2023 has been set at $36 million, as per a regulatory...

Renowned “Shark Tank” investor Kevin O’Leary has expressed concerns that the current cycle of U.S. Federal Reserve rate hikes could lead to an increase in regional U.S. bank failures, CNBC reports. Fed’s Rate Hike Cycle: O’Leary, who heads his own early-stage venture...

In the wake of the collapse of First Republic Bank, eye-popping details about the compensation of its employees have emerged. Some were raking in more than $10 million annually before the bank’s downfall, with one unnamed individual even exceeding JPMorgan Chase & Co (NYSE:JPM) CEO Jamie...

The Department of Justice is reportedly investigating stock trading actions by several First Republic Bank (OTC: FRCB) employees during the recent collapse of the bank.  First Republic Bank was dissolved on May 1 by the California Department of Financial Protection and Innovation,...

Following its acquisition of First Republic Bank (FRC), JPMorgan Chase & Co (NYSE:JPM) raised its performance targets, telling investors Monday at its investor conference that it expects an increase of about $3 billion in net interest income for the year. With the revisions, the bank...

Famed “Big Short” investor Michael Burry made some changes to his portfolio, signaling a newfound interest in banking stocks amid the regional banking crisis, according to Scion Capital's latest 13F filings. The renowned investor, known for profiting from the subprime mortgage crisis in...

Jamie Dimon, the CEO and chairman of JPMorgan Chase & Co (NYSE: JPM), expressed concern about the impact of potential Federal Reserve overregulation on American banks. His remarks come in the wake of several significant banking failures this year, including Signature Bank (OTC: SBNY),...

With First Republic Bank becoming the latest lender to collapse, reigniting concerns about the health of the banking sector, the S&P 500 Financials index stands on the verge of falling back below its 2007 peak. What Happened: This is noteworthy because following the 2008 credit crash, it took...

First Republic Bank collapsed this week and was placed under Federal Deposit Insurance Corporation receivership. The assets and deposits of the bank were then sold to JPMorgan Chase & Co. (NYSE:JPM). The SEC is investigating whether any members of First Republic's executive team indulged in...

The American Bankers Association, or ABA, reportedly called on federal regulators on Thursday to probe a spate of significant short sales of publicly traded banking stocks that it said were “disconnected from the underlying financial realities.” What Happened: The group stated it had...

The Senate Banking Committee on Thursday held a hearing on the recent spate of bank failures. Senator Sherrod Brown (D-OH), the Committee Chairman, underscored the importance of heightened accountability for banking executives. He advocated for legislation that would enhance the authority of...

Los Angeles, California-based PacWest Bancorp (NASDAQ:PACW) confirmed early Thursday reports about the bank exploring strategic options and assuaged concerns regarding its health. PacWest shrugged off the report by stating that it is normal practice that a company and the board continuously review...

Major coins traded mixed on Monday as traders are keeping a close watch on the upcoming U.S. job openings data, which is slated to be released on Tuesday. Cryptocurrency Gains +/- Price (Recorded 9:30 p.m. EST) Bitcoin (CRYPTO: BTC) -4.10% $28,045 Ethereum (CRYPTO: ETH) -2.70% $1,833...

Major coins traded in the green on Monday as investors responded positively to the mildly encouraging first-quarter earnings of tech giants such as Google parent Alphabet Inc Class A (NASDAQ:GOOGL) and Microsoft Corp (NASDAQ:MSFT).  Cryptocurrency Gains (+/-) Price (Recorded 9:30 p.m. EST...

The SPDR S&P 500 ETF (NYSE: SPY) traded in a very tight range last week, leaving traders perplexed with regard to near-term market momentum. On Tuesday morning, however, the S&P has softened up slightly, and continued losses on the day may be an indicator that stocks have put in a near-term...