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After the demise of two banks, experts had some ideas for what the state could do differently. A clearer picture will emerge once the state's regulator publishes a report, and lawmakers discuss options.
First Republic Bank was shuttered by regulators early Monday, and all its deposits and most of its assets were acquired by JPMorgan. San Francisco-based First Republic was undone by low-rate mortgages it made to its wealthy customers as well as by the fallout from last month's banking crisis.
First Republic Bank was shuttered by regulators early Monday, and all its deposits and most of its assets were acquired by JPMorgan. San Francisco-based First Republic was undone by low-rate mortgages it made to its wealthy customers as well as by the fallout from last month's banking crisis.
The 34-page document demands that the bank get regulatory nonobjection for every new fintech partnership and requires the bank to step up its monitoring of partners' compliance with banking laws.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero