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Bank Acquisitions

All articles tagged with #bank acquisitions

Bank Buyers Demand Incentives Amidst US Banking Crisis and Insider Trading Investigations

Originally Published 2 years ago — by Reuters

Troubled banks in the US are waiting for the FDIC to take over before buyers will step up, creating fears that the current turmoil will accelerate the concentration of the banking sector in the United States around a handful of institutions, reducing competition for consumers and deepening the risk if a giant bank fails. The government-brokered purchases of First Republic, Signature and Silicon Valley banks have created a vicious cycle. Publicly-traded buyers are now motivated to wait for ailing lenders to collapse so they can get better terms from the FDIC.

business finance bank-acquisitions fdic finance government-assistance jpmorgan us-banking-sector

The Fall of First Republic: A Sign of Systemic Banking Issues

Originally Published 2 years ago — by The New York Times

First Republic Bank has been sold to JPMorgan Chase in a late-night deal by government officials to contain a banking crisis. The FDIC's decision appears to have quelled nearly two months of simmering turmoil in the banking sector that followed the sudden collapse of Silicon Valley Bank and Signature Bank in early March. JPMorgan will pay the FDIC $10.6 billion to acquire First Republic. The government agency expects to cover a loss of about $13 billion on First Republic’s assets.

business business bank-acquisitions banking-crisis business fdic first-republic-bank jpmorgan-chase