Recent banking crises are rooted in a system that rewards excessive risk-taking – as First Republic’s failure shows

Photo caption: A pedestrian walks past a sign to a First Republic Bank location in San Francisco, Tuesday, April 25, 2023. […] Photo credit: AP Photo / Jeff Chiu ASSOCIATED PRESS. Article by Alexandra Digby, Dollie Davis, and Robson Hiroshi Hatsukami Morgan. The Conversation – updated May 1, 2023.

First Republic Bank became the second-biggest bank failure in U.S. history after the lender was seized by the Federal Deposit Insurance Corp. and sold to JPMorgan Chase on May 1, 2023. First Republic is the latest victim of the panic that has roiled small and midsize banks since the failure of Silicon Valley Bank in March 2023. […]

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Regulators seize First Republic Bank, sell assets to JPMorgan – Reuters

Troubled First Republic Bank seized and sold to JPMorgan Chase – CBS News

First Republic Bank seized and sold to JPMorgan Chase – Axios