Wednesday, July 2, 2025
  • Login
CEO North America
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
CEO North America
No Result
View All Result

CEO North America > News > White House monitoring situation at First Republic, could step in if required

White House monitoring situation at First Republic, could step in if required

in News
First Republic Bank mulls $100-billion asset sale in bid to stay afloat
Share on LinkedinShare on WhatsApp

The White House is continuing to monitor the situation at First Republic Bank, which has continued to lose deposits this week, spokesperson Karine Jean-Pierre said on Thursday, vowing that the Biden administration stood ready to take action if needed.

Deposits at regional banks have stabilized and the Biden administration can use the same tools it used in recent weeks to address financial stress if needed, she said.

Jean-Pierre said financial regulators and Treasury Secretary Janet Yellen agreed that the U.S. banking system remained sound after “decisive and forceful” actions were taken last month to protect depositors at two regional banks, Silicon Valley Bank and Signature Bank, and provide liquidity to the market.

“We have used important tools to quickly stabilize the banking system. We could use those tools again, if needed. Certainly we are monitoring this situation,” she told reporters when asked about growing market worries about First Republic.

First Republic’s shares were trading higher on Thursday after a bruising sell-off that wiped out 60% of the stock’s value this week following the San Francisco-based bank’s disclosure on Monday that it had lost more than $100 billion of deposits in the first quarter of the year.

Pressed to explain the administration’s views on whether to protect depositors in First Republic, as it did in the cases of SVB and Signature, Jean-Pierre said, “We have proven how we have moved really quickly in … taking decisive and forceful actions in the past, and I can assure you that you’ll see that again from this administration.”

By Andrea Shalal / Reuters

Tags: BankingUnited StatesWhite House

Related Posts

Hyundai and Kia to adopt Tesla EV chargers
News

Tesla stock rises as company reports steep sales decline

‘Big Beautiful Bill’ Medicaid cuts could leave millions uninsured
News

‘Big Beautiful Bill’ Medicaid cuts could leave millions uninsured

Del Monte Foods files for bankruptsy
News

Del Monte Foods files for bankruptsy

US job availability drops to new two-year low
News

Jobs report shows unexpected increase

“Big Beautiful Bill” all-nighter divides Senate
News

“Big Beautiful Bill” all-nighter divides Senate

Musk-Trump tensions escalate
News

Musk-Trump tensions escalate

Hyatt sells Playa portfolio for $2 billion
News

Hyatt sells Playa portfolio for $2 billion

TikTok’s day in court arrives
News

Trump awaits China’s approval for TikTok buyer group

Buffett: AI scams are the next big ‘growth industry’
News

Philanthropist Warren Buffett donates $6 billion in shares

Senior U.S. officials visit China for high-level economic talks
News

US, China formalize trade deal

No Result
View All Result

Recent Posts

  • Nasdaq’s New Survey Reveals: Next-Gen Investors Embrace Advanced Technology ETFs
  • Blackstone’s Jon Gray on Strategic Discipline, AI, and Entrepreneurial Leadership
  • Tesla stock rises as company reports steep sales decline
  • ‘Big Beautiful Bill’ Medicaid cuts could leave millions uninsured
  • Del Monte Foods files for bankruptsy

Archives

Categories

  • Art & Culture
  • Business
  • CEO Interviews
  • CEO Life
  • Editor´s Choice
  • Entrepreneur
  • Environment
  • Food
  • Health
  • Highlights
  • Industry
  • Innovation
  • Issues
  • Management & Leadership
  • News
  • Opinion
  • PrimeZone
  • Printed Version
  • Technology
  • Travel
  • Uncategorized

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

  • News
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

CEO North America © 2024 - Sitemap

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.