Deutsche Bank reports 10% profit rise in first quarter, beating expectations
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Global consultancy Kearney has today released the sixteenth edition of its annual European Retail Banking Radar, which tracks the performance of close to 90 retail banks across 21 European markets. The study found that higher interest rates fueled a record year for retail banks. However, it also warned that banks should be leveraging their current […]
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Regulators Close Republic First Bank, First US Bank Failure This Year
Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York. The Federal Deposit Insurance Corp. said Friday it had seized the Philadelphia-based bank, which did business as Republic Bank and had roughly $6 billion in assets and $4 billion in deposits as of Jan. 31. Fulton Bank, which […]
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Regulators close Republic First Bank, marking first US bank failure this year
The lender is the first FDIC-insured institution to fail in the U.S. this year.