us bank collapse

JPMorgan to buy embattled First Republic Bank after seizure by regulators

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JPMorgan to buy embattled First Republic Bank after seizure by regulators

JPMorgan Chase & Co will buy First Republic Bank after its was taken over by regulators, making the troubled regional lender the third major U.S. institution to fail since March this year. JPMorgan will “assume all deposits, including all uninsured deposits, and substantially all assets” of First Republic, the California Department of Financial Protection and … Read more

SVB like collapse unlikely to occur in India as banking system robust: Anand Rathi report

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SVB like collapse unlikely to occur in India as banking system robust: Anand Rathi report

A shock similar to one experienced by Silicon Valley Bank (SVB) is unlikely to occur in India owing to stringent regulation, supervision and accounting requirements for Indian banks, brokerage firm Anand Rathi said in a note. “Unlike in the United States, Indian banks must make provision for all unrealized marked-to-market losses outside their held-to-maturity (HTM) … Read more