Federal Deposit Insurance Corp (FDIC) as part of the deal to take control of most of the San Francisco-based bank's assets and get access to First Republic's coveted wealthy client base. JPMorgan will pay $10.6 billion to the U.S. The bank's shares tumbled 43.3% in premarket trading on Monday before they were halted. First Republic shareholders will be wiped out in the transaction, Wedbush analysts said. Shares of JPMorgan rose 2% on Monday, while those of mid-tier banks fell and the KBW Regional Banking Index (.KRX) closed down 2.7%. bank failure in two months and the largest since Washington Mutual in 2008. The bank had limped along since then, but investors fled again last week when it disclosed more than $100 billion in outflows in the first quarter and a plan to explore new options.īarely a week later, California regulators on Monday seized First Republic and put it into FDIC receivership alongside the sale of its assets, marking the third major U.S.

lenders most battered by a crisis in confidence in the banking sector in March, when depositors fled en masse from smaller banks to giants like JPMorgan as they panicked over the collapse of two other mid-sized U.S. bank failure since the 2008 financial crisis and draw a line under a lingering banking turmoil.įirst Republic was among regional U.S. Epubs will not play on Kindle devices.May 1 (Reuters) - Regulators seized First Republic Bank (FRC.N) and sold its assets to JPMorgan Chase & Co (JPM.N) on Monday, in a deal to resolve the largest U.S. This is definitely not the adventure he signed up for. She can face assassins meddlesome mages politicians and legendary, nightmarish monsters without flinching.

Renata Rocci has the magic of a Grim Reaper, the heart of a lion, and a body too frail to keep up with either. Everyone says her summoning a human familiar is a mistake, that she needs to break the bond and send Bannen back.īut Bannen doesn’t like this idea, not one iota.

Rena certainly needs all of the help that she can get, as her magic is very different, inhibiting her of the normal shields and protections. For that matter, being magically bound to a mage-in-training hadn’t ever crossed his mind.īeing the first human familiar ever summoned in Corcoran? Not on his to-do list. While Bannen had every intention of finding adventure, being yanked through a magical portal two continents away isn’t quite what he imagined happening.

The Human Familiar by Honor Raconteur