JP Morgan Chase has taken over the troubled US bank First Republic in a deal brokered by regulators. The Wall Street giant said it would pay $10.6bn (£8.5bn) to the Federal Insurance Deposit Corp (FIDC), after officials shut down the … Read More
(Bloomberg) — The fate of First Republic Bank has become a game of chicken between the US government and the lender’s largest rivals, with both sides seeking to avoid steep losses and hoping the other will handle the troubled firm. … Read More
The ECB is ‘monitoring current market tensions closely and stands ready to respond as necessary to preserve price stability and financial stability.’ The European Central Bank lifted its key lending rate by 50 basis points Thursday, defying market forecasts that … Read More