U.S. bank closures show existing regulations need stronger enforcement, says financial expert

The abrupt closing of First Republic Bank stirred fresh anxieties about the security of the banking system, unfolding less than two months after the back-to-back, historically huge failures of Silicon Valley Bank and Signature Bank. This month all 84 branches of the former First Republic Bank opened with a new name after an emergency sale orchestrated by the Federal Deposit Insurance Corporation (FDIC).

FDIC Takeover, JP Morgan Acquisition of First Republic: Risk Management Expert Available

Risk Management expert Clifford Rossi at the University of Maryland’s Robert H. Smith School of Business can comment on the factors and implications surrounding  the FDIC takeover of First Republic Bank and subsequent sale of the bank to JPMorgan Chase Bank. Rossi…