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Get Up to Speed: Why Did First Republic Bank Fail?

Unpacking the second-largest bank failure in U.S. history.

Alex Dalenberg

Read when you’ve got time to spare.

What to read to understand the causes and consequences of First Republic Bank’s collapse, including the question on everybody’s mind: are more bank failures in the offing?

Image by Justin Sullivan / Staff / Getty Images

WHAT’S HAPPENING: Failed Bank First Republic Is Bought by JPMorgan Chase

JPMorgan Chase is taking over First Republic after the troubled bank was placed in the FDIC’s receivership in the latest failure in the banking system.

WHO IS IMPACTED: What Happens to First Republic Bank’s Stock and Deposits Now?

That move is leading to a host of questions about what happens next, such as the sale’s impact on depositors and shareholders.

HOW WE GOT HERE: What Went Wrong at First Republic Bank

The collapse of First Republic and SVB reveal major flaws in the way regional banks are regulated.

THE BIG PICTURE: Why Banks Keep Failing

Three previously solid, medium-size banks suddenly faced annihilation. The blame lies with the system itself.

WHAT COULD HAPPEN NEXT: White House Banking Headache Won’t End With First Republic Deal

A new joint effort by the government and the finance industry to prevent another teetering bank from triggering a wider crisis is underscoring US and international worries about the sector and producing another no-win political headache for the Biden administration.