Bank Failures Begin Again: Philly"s Republic First Seized By FDIC

The Philadelphia Fed's business activity index fell 15 points to 11.1 in December, it's lowest level since May, the regional Federal Reserve bank said Thursday......»»

Philadelphia Fed manufacturing index fell 6 points to 26.3 in December from 32.3 in prior month, the bank said Thursday, slightly above economists expectations of a 24.5 reading, according to a MarketWatch poll......»»

Says Jeremy Kress, a former Fed lawyer: “A Bank of Walmart or Amazon Bank could easily attract trillions of dollars in deposits, thereby increasing concentr.....»»

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"It is an exciting time for Republic Bank, as we continue to explore new areas, enhance our financial service capabilities and increase access for customers,” said Steve Trager, chairman and CEO of Republic Bank & Trust Co......»»

PHOENIX, May 01, 2020 (GLOBE NEWSWIRE) -- Republic Bank of Arizona (OTC:RBAZ) ("RBAZ") ("Bank") announced a net income of $12,000, or $0.01 per share, for the .....»»

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The FDIC and others are making a push to sign Americans up for bank accounts so they can get their stimulus checks faster and develop and long-term relationships with banks......»»

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The FDIC and others are making a push to sign Americans up for bank accounts so they can get their stimulus checks faster and develop and long-term relationships with banks......»»

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The markets are much less confident about Europe and the United States getting back to business ahead of the summer, a Deutsche Bank investor survey showed on Monday, even as some countries begin gradually re-opening their economies......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Shares of First Republic Bank (NYSE: FRC) were unchanged in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share fell 4.76% over the past year to $1.20, which beat the estimate o.....»»

A small bank in West Virginia has become the first institution to fail during the coronavirus crisis, though the bank had been experiencing difficulties since 2015 and its 2019 capital levels were too low, the Federal Deposit Insurance Corp......»»

A small bank in West Virginia has become the first institution to fail during the coronavirus crisis, the Federal Deposit Insurance Corp.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Central Pacific Bank opened online applications on Wednesday for Hawaii small businesses to begin the process of applying for the U.S. Small Business Administration’s coronavirus relief loans and is holding a webinar Thursday morning with Hawaii.....»»

Banks are being urged to curtail access to their retail branches while also finding new ways to assist customers impacted by the spread of coronavirus. In response, virtually every bank has established a dedicated page on its website that provides COV.....»»

Square Financial Services was given conditional approval by the FDIC Board for an Industrial Loan Company bank charter on Wednesday......»»