Exterior view of a First Republic Bank branch on March 13, 2023 in West Palm Beach City, Florida.in the weeks leading up to the recent banking turmoil.
Massachusetts' Secretary of the Commonwealth William Galvin told Reuters his office has subpoenaed First Republic. He is seeking details about the firm's insider trading policies and how officers handled their stock sales from January 1.
A series of U.S. bank failures have roiled the global banking sector over the last month. Silvergate Capital wound down operations on March 8. Silicon Valley Bank and Signature Bank were seized by regulators days later amid liquidity crises, actions that sapped investor confidence in the sector. First Republic's share price has plummeted nearly 90% in March in the wake of the collapse of SVB which saw people pull deposits from smaller banks. First Republic
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Exclusive: Massachusetts regulator probes First Republic insiders' stock salesMassachusetts regulators have opened an investigation into sales of company stock by top executives at First Republic Bank in the weeks leading up to the recent banking turmoil.
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First Republic wealth adviser team moves over to Rockefeller Capital ManagementFirst Republic Bank stock is down 1% as the most active stock in premarket trading on Wednesday with volume of more than 1.2 million shares. Separately, a...
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First Republic Bank is not currently looking for a buyerFirst Republic Bank is no longer actively looking for a buyer as potential suitors are concerned about the losses they'll have to add to their books with no government backup.
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Local elected officials react to Mel King's death: 'He was the generational conscience' for MassachusettsLocal political leaders are reacting to the death of pioneering Boston civil rights activist Mel King, who died in his sleep Tuesday at the age 94. Mayor Michelle Wu said King's ideas shaped generations of leaders who drive the city closer to his vision of a more equal society.
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Massachusetts Man Who Crashed SUV Into Apple Store Charged With MurderBradley Rein is also facing charges for motor vehicle homicide and assault and battery with a dangerous weapon in connection with the Nov. 21 crash.
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Massachusetts man indicted on murder charges for Apple store crashA Massachusetts man was indicted for driving an SUV through an Apple Store's plate glass storefront window in November, killing one person and injuring 22 others.
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