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First Republic sees more financial advisors walk
The San Francisco-based Marchetti Porter Wealth Partners jumped ship over the weekend.
Crack appears in First Republic wealth management business
Vishal Bakshi, an advisor who reportedly has $1.5 billion in client assets, left to join Morgan Stanley late last week, after signing on at First Republic less than a year ago.
First Republic rebounds off record low amid talk of fresh aid plan
The stock led a broad-based rally in U.S. banks, with the KBW Regional Banking Index surging 4.8% for its biggest gain since January 2021.
Bank customers generally keeping calm
Amid the banking system's woes, here’s how sentiment breaks down among different groups of bank clients.
First Republic hiring spree focused on these four firms
Almost half the financial advisors hired by First Republic since 2010 came from Wells Fargo Advisors, J.P. Morgan Securities, UBS Financial Services and Morgan Stanley.
As dust settles on banking sector, some analysts believe worst is over
Recent flows into mutual funds and ETFs suggest that investors are already scooping up beaten down bank stocks.
UBS swallows Credit Suisse, still eyes growth in US
The UBS deal to acquire its banking rival, along with the continued drop in the share price of First Republic Bank, could mean a further shake-up in the US wealth management market.
First Republic stock falls in early trading after S&P cuts rating for second time
The rating agency lowered the bank's long-term issuer credit rating to B+ from BB+, having already downgraded the lender to junk last Wednesday.
First Republic’s cloudy future puts wealth management on notice
The bank has been a significant destination for wirehouse advisors looking for a smaller firm, but its problems over the past week are likely to limit its recruiting.
Major banks in talks to deposit up to $30 billion with First Republic
JPMorgan, Citigroup and Bank of America are among the big banks that are part of the discussion. Details of the rescue may be announced as soon as Thursday.
JPMorgan, Morgan Stanley in talks for First Republic, WSJ says
Several large banks are discussing a potential deal that could include a sizable capital infusion to shore up troubled First Republic.
First Republic exploring options including a sale
The bank, which is also looking at options for shoring up liquidity, is expected to draw interest from larger rivals, sources said.
S&P, Fitch downgrade First Republic Bank to junk
Both credit assessors said further downgrades are possible as the bank faces deposit outflows that could affect its liquidity profile and ramps up wholesale borrowing.
First Republic Bank shares slammed in Silicon Valley Bank fallout
The bank has been investing heavily in its wealth management group for more than a decade.
First Republic sells off as regional banks remain under pressure
Shares of regional lenders started the week by selling off, with First Republic down 67%, after Friday's collapse of SVB Financial and Signature Bank's seizure by regulators over the weekend.
Hightower names Robert Picard to head alternatives
Former First Republic executive built alternatives platforms at Carlyle Group, RBC.
SEC orders First Republic to pay $1.8 million over conflicts
The agency says the RIA unit, which breached fiduciary duty over compensation from an affiliate, consented to a cease-and-desist order and a censure.
First Republic keeps hiring
The bank's wealth management group, a destination for wirehouse brokers for the past decade, has recruited three teams so far in 2022.
First Republic increased number of teams it added in 2021
The bank's wealth management group also started 2022 in hiring mode, reporting this month that it had recruited two longtime Merrill advisers in New York.
First Republic recruiting slows in Q3
After recruiting seven teams of advisers in the first half of the year, the bank added just one team over the summer, executives of the firm said on an earnings call.
