First Republic fallout: Democrats fume as regulators bail out yet another failed bank ...Middle East

Democrats are banging a gong about the need for greater regulation of the U.S. financial sector following the combined public and private-sector rescue of California-based First Republic Bank. The San Francisco-based regional powerhouse is the third major U.S. bank to fail and prompt a government-administered bailout of depositors following the collapse of Silicon Valley Bank (SVB) and Signature Bank in March. It is the second-largest bank collapse in U.S. history, eclipsing SVB. While Democrats aren't arguing that the Biden administration should have let First Republic fail, many are concerned that the current spate of bank rescues point to financial stability concerns. “First R

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First Republic fallout: Democrats fume as regulators bail out yet another failed bank ...Middle East

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