First Republic Stock plummets 25% as banking trouble deepens

(NEW YORK) -- Shares of First Republic Bank plummeted more than 25% in early trading on Tuesday as the banking crisis continued to ripple through the financial system.The regional lender, left in dire condition after the failure of Silicon Valley Bank last month, suffered... Read More.

Fed staff expects banking crisis to cause a recession this year

(WASHINGTON) -- The Federal Reserve's staff is more worried about the U.S. economy tipping into a recession after the recent banking crisis, the minutes from the central bank's meeting in March reveal.Economists at the Federal Reserve said they expect a "mild" recession later this... Read More.