The Federal Deposit Insurance Corporation seized First Republic Bank overnight and then sold a select portion of its assets and liabilities to JPMorgan as it imposed an orderly wind down of the troubled regional bank. The action should bolster confidence in the ability of the federal ... READ MORE >
Federal Deposit Insurance Corporation
Fed launches $25 billion lending program to prevent bank run
The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation took decisive action Sunday to stem what was clearly a potential bank run. The $25 billion Bank Term Funding Program, announced Sunday night, was necessary to prevent a much larger crisis that would spread ... READ MORE >