Economy and politics

The SVB sale is close. The FDIC is seeking a settlement by Monday.

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The Federal Deposit Insurance Corp. plans to announce its decision on the sale of Silicon Valley Bank this weekend, Barron’s Advisor has learned. A person familiar with the FDIC’s plans says the banking regulator hopes to introduce a resolution to the auction over the weekend. There are still many moving coins at the auction, which … Read more

First Republic fears drive shares of other regional banks down sharply

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First Republic Bank worked overtime on Sunday to reassure customers it was safe to operate after the collapse of Silicon Valley Bank last week sparked fears of contagion in the banking sector. But its stock plunged nearly 50% ahead of Monday’s open despite attempts to reassure customers of the strength of its business. Early Sunday … Read more