The seizure of Republic First marked the first bank failure in the U.S. in 2024 and has reignited concerns of contagion after ...

There will be banks that have similar problems to this,” necessitating an infusion of capital or a sale, said Robert Hartheimer, an FDIC veteran who now works at consulting firm Klaros Group.

PHILADELPHIA (CBS/AP) -- Philadelphia-based Republic First Bank was closed by state regulators Friday night and its assets were given to the Federal Deposit Insurance Corp., FDIC announced in a ...

Republic First Bank depositors can access their funds via checks or ATMs as early as Friday night, the FDIC said.

High interest rates are "corrosive" to the economy, Mark Zandi said, while others fear the impact of high borrowing costs on ...

I just about missed it, the news of a regional bank failure and subsequent takeover by another bank at the tail end of April.

When Curt Myers took over as chairman and CEO in January 2023, Fulton Financial, the parent company of Fulton Bank, had just ...

Fulton Financial is acquiring Republic First Bank after the first U.S. bank failure of 2024 Aaron McDade is a breaking news reporter for Investopedia. He is an experienced journalist who has ...

WASHINGTON (AP) — Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York. The Federal Deposit Insurance Corp. said Friday it had seized ...

If your bank closes, you should receive notification of what will happen to your money from the FDIC or NCUA, the acquiring ...

The S&P 500 fell 0.1 per cent in afternoon trading and remains on track for a fourth straight week of gains. The Dow Jones ...