First Republic Bank sold to JPMorgan Chase
Regulators seized troubled First Republic Bank, making it the second-largest bank failure in U.S. history, and promptly sold all of its deposits and most of its assets to JPMorgan Chase in a bid to end the turmoil that has raised questions about the health of the U.S. banking system. LiveNOW's Andrew Craft spoke with Adam Kobeissi, editor-in-chief of thekobeissiletter.com, about JPMorgan Chase's takeover of First Republic bank. More LiveNOW from FOX streaming video
Regulators seized troubled First Republic Bank, making it the second-largest bank failure in U.S. history, and promptly sold all of its deposits and most of its assets to JPMorgan Chase in a bid to end the turmoil that has raised questions about the health of the U.S. banking system. LiveNOW's Andrew Craft spoke with Adam Kobeissi, editor-in-chief of thekobeissiletter.com, about JPMorgan Chase's takeover of First Republic bank. More LiveNOW from FOX streaming video
Biden asks student loan companies to prepare for end to payment pause
The Education Department has notified student loan servicers to prepare for an end to the COVID-19 student loan payment pause.
The Education Department has notified student loan servicers to prepare for an end to the COVID-19 student loan payment pause.
Today's best mortgage deal? Back to 15-year terms | May 1, 2023
Check out the mortgage rates for May 1, 2023, which are mixed from Friday.
Check out the mortgage rates for May 1, 2023, which are mixed from Friday.
JPMorgan Chase takes over First Republic Bank
The Federal Deposit Insurance Corporation (FDIC) has accepted a bid from JPMorgan Chase Bank to assume all deposits of First Republic Bank, the California Department of Financial Protection and Innovation (DFPI) announced early Monday morning. The San Francisco-based bank has struggled since the collapse of Silicon Valley Bank and Signature Bank in early March, and it was widely seen as the bank most likely to collapse next. LiveNOW's Andy Mac spoke with banking attorney Joseph Lynyak about First Republic Bank being taken over by JPMorgan Chase. More LiveNOW from FOX streaming video
The Federal Deposit Insurance Corporation (FDIC) has accepted a bid from JPMorgan Chase Bank to assume all deposits of First Republic Bank, the California Department of Financial Protection and Innovation (DFPI) announced early Monday morning. The San Francisco-based bank has struggled since the collapse of Silicon Valley Bank and Signature Bank in early March, and it was widely seen as the bank most likely to collapse next. LiveNOW's Andy Mac spoke with banking attorney Joseph Lynyak about First Republic Bank being taken over by JPMorgan Chase. More LiveNOW from FOX streaming video
First Republic Bank seized by regulators, sold to JPMorgan Chase
San Francisco-based First Republic is the third midsize bank to fail in two months and is the second-biggest bank failure in U.S. history.
San Francisco-based First Republic is the third midsize bank to fail in two months and is the second-biggest bank failure in U.S. history.
Former Apple employee ordered to serve jail time, pay restitution for fleecing the company
Dhirendra Prasad’s sentencing for two charges — conspiracy to commit mail fraud and wire fraud and conspiracy to defraud the U.S. — stemmed from an alleged plot that lost Apple over $17 million.
Dhirendra Prasad’s sentencing for two charges — conspiracy to commit mail fraud and wire fraud and conspiracy to defraud the U.S. — stemmed from an alleged plot that lost Apple over $17 million.
Zimbabwe launching a gold-backed digital currency
The digital push is an effort to stem the hyperinflation of the Zimbabwean dollar.
The digital push is an effort to stem the hyperinflation of the Zimbabwean dollar.
Restart of federal student loan payments may be around the corner
The student loan payment freeze dates to early 2020.
The student loan payment freeze dates to early 2020.
First Republic Bank to be taken over by FDIC: Report
First Republic Bank will be placed under the receivership of the U.S. Federal Deposit Insurance Corporation imminently, according to a Reuters report. Reuters reported that the FDIC has decided that the regional bank's position has deteriorated, leaving no more time to go after a private sector rescue, a source told the outlet. Adam Kobeissi, editor-in-chief of The Kobeissi Letter, spoke with LiveNOW's Andrew Craft about First Republic's woes and what it means for people who bank there. More LiveNOW from FOX streaming video
First Republic Bank will be placed under the receivership of the U.S. Federal Deposit Insurance Corporation imminently, according to a Reuters report. Reuters reported that the FDIC has decided that the regional bank's position has deteriorated, leaving no more time to go after a private sector rescue, a source told the outlet. Adam Kobeissi, editor-in-chief of The Kobeissi Letter, spoke with LiveNOW's Andrew Craft about First Republic's woes and what it means for people who bank there. More LiveNOW from FOX streaming video
73% of American Millennials living paycheck-to-paycheck, financial report shows
Faced with high prices and interest rates, consumers have begun reining in their spending.
Faced with high prices and interest rates, consumers have begun reining in their spending.
First Republic Bank shares nosedive amid uncertainty about rescue deal
Shares of First Republic Bank remain in a death spiral amid reports of uncertainty about whether the lender could see a rescue deal.
Shares of First Republic Bank remain in a death spiral amid reports of uncertainty about whether the lender could see a rescue deal.
Gas prices dip, offering consumers some relief at the pump: AAA
The national average cost for a gallon of gas dropped by five cents from last week to $3.68, reflecting a dip in oil prices, AAA said.
The national average cost for a gallon of gas dropped by five cents from last week to $3.68, reflecting a dip in oil prices, AAA said.
Today's best mortgage deal? Back to 15-year terms | April 28, 2023
Check out the mortgage rates for April 28, 2023, which are trending up from yesterday.
Check out the mortgage rates for April 28, 2023, which are trending up from yesterday.
The Fed is expected to raise interest rates again in May: Economists
The Fed is expected to raise interest rates by 25 basis points again in May, according to a poll of economists. This is what you need to know.
The Fed is expected to raise interest rates by 25 basis points again in May, according to a poll of economists. This is what you need to know.
Today's best mortgage deal? Rates for 10-year terms | April 27, 2023
Check out the mortgage rates for April 27, 2023, which are mixed from yesterday.
Check out the mortgage rates for April 27, 2023, which are mixed from yesterday.
Engagement ring sales fall sharply – blame COVID, jewelry giant says
Pandemic lockdowns ended many early relationships and led to a dramatic decline in dating overall, resulting in “the engagement gap that we’re still seeing today," industry executives said.
Pandemic lockdowns ended many early relationships and led to a dramatic decline in dating overall, resulting in “the engagement gap that we’re still seeing today," industry executives said.
Amazon axes 'Halo' fitness program: How to get a refund
Amazon said the Halo devices and app will no longer work after August 1.
Amazon said the Halo devices and app will no longer work after August 1.
US House passes Republican debt ceiling bill, push Biden on spending
House Republicans have narrowly passed a sweeping debt ceiling package as they try to push President Biden into negotiations on federal spending.
House Republicans have narrowly passed a sweeping debt ceiling package as they try to push President Biden into negotiations on federal spending.
Today's lowest mortgage rate? 15-year terms | April 26, 2023
Check out the mortgage rates for April 26, 2023, which are trending down from yesterday.
Check out the mortgage rates for April 26, 2023, which are trending down from yesterday.
Knowing how insurance rates are calculated could save drivers money: survey
Roughly 80% of American drivers surveyed can't identify the factors used to determine car insurance rate, a survey by the Zebra said. This knowledge gap could be costing them on their auto insurance premiums.
Roughly 80% of American drivers surveyed can't identify the factors used to determine car insurance rate, a survey by the Zebra said. This knowledge gap could be costing them on their auto insurance premiums.