Investors are taking news that the largest U.S. banks are expected to have to boost their capital levels in stride, even as they look at how the effects could play out.
Federal regulators seized First Republic Bank Monday and sold it to JPMorgan Chase. It was the second largest bank failure in U.S. history behind Washington Mutual in 2008. Keith Noreika, executive vice president at Patomak Global Partners, explains the significance of the failure. Source