{"id":1922126,"date":"2023-05-01T12:12:03","date_gmt":"2023-05-01T16:12:03","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-treasury-encouraged-by-first-republic-resolution-says-banking-system-remains-sound\/"},"modified":"2023-05-01T12:14:31","modified_gmt":"2023-05-01T16:14:31","slug":"u-s-treasury-encouraged-by-first-republic-resolution-says-banking-system-remains-sound","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-treasury-encouraged-by-first-republic-resolution-says-banking-system-remains-sound\/","title":{"rendered":"U.S. Treasury encouraged by First Republic resolution, says banking system remains sound"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fu-s-treasury-encouraged-by-first-republic-resolution-says-banking-system-remains-sound%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1922126&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<h2>U.S. Treasury Department Encouraged by First Republic Bank Resolution<\/h2>\n<p>The U.S. Treasury Department is pleased to announce that the resolution of First Republic Bank was achieved with the least cost to the Deposit Insurance Fund. The department believes that the U.S. <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/svb-collapse-credit-suisse-shares-soar-following-two-day-decline\/\" title=\"SVB collapse: Credit Suisse shares soar following two-day decline\">banking system remains sound<\/a> and resilient, according to a Treasury spokesperson.<\/p>\n<p>On Monday, U.S. regulators seized First Republic, the third major U.S. institution to fail in two months. JPMorgan Chase &#038; Co agreed to take $173 billion of the bank\u2019s loans and $30 billion of its securities, including $92 billion of deposits.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">\n        <script>\n          googletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });\n        <\/script>\n      <\/div>\n<p>The spokesperson added, \u201cTreasury is encouraged that this institution was resolved with the least cost to the Deposit Insurance Fund, and in a manner that protected all depositors.\u201d<\/p>\n<h3>What&#8217;s Next for Fox News and Tucker Carlson?<\/h3>\n<p>After Fox News let go of their <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/liz-cheney-weaponizes-racial-division-for-political-power-baselessly-labeling-gop-leadership-white-supremacist\/\" title=\"Liz Cheney Weaponizes Racial Division For Political Power, Baselessly Labeling GOP Leadership White Supremacist\">lead prime-time host<\/a>, Tucker Carlson, many are speculating about his next move and the future of Fox News and journalism.<\/p>\n<ul>\n<li>Conor Fitzpatrick<\/li>\n<li>Seth Weathers<\/li>\n<li>Erin Elmore<\/li>\n<\/ul>\n<h3>Other News:<\/h3>\n<ul>\n<li>Turkish delivery app Getir is in talks to take over German rival Flink in a key step toward consolidation in Europe\u2019s&#8230;<\/li>\n<li>BitOasis, a Middle East-focused crypto exchange based in the United Arab Emirates, has received the first <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/candidate-for-kentucky-governor-eric-deters-challenges-opponents-residency-status\/\" title=\"Candidate for Kentucky Governor, Eric Deters, Challenges Opponent\u2019s Residency Status\">broker-dealer minimum viable<\/a>&#8230;<\/li>\n<li>Sony Group Corp\u2019s shares fell as much as 4.8% on Monday after the Japanese electronics and entertainment conglomerate\u2019s annual&#8230;<\/li>\n<li>The European Union is likely to reach a political agreement this year that will pave the&#8230;<\/li>\n<\/ul><\/div>\n","protected":false},"excerpt":{"rendered":"<p>recent months, but the Treasury Department is optimistic about the situation. According to a spokesperson, they are pleased that the resolution of First Republic Bank was done with minimal cost to the Deposit Insurance Fund. This is a testament to the strength and resilience of the U.S. banking system. While it&#8217;s never good news when a bank fails, the Treasury Department is confident that the system can weather this storm and continue to provide stability for the American economy.<\/p>\n","protected":false},"author":66,"featured_media":1922127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[14689,21420,8689,9116,5421,17069,3778,7238],"class_list":["post-1922126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-banking","tag-encouraged","tag-remains","tag-republic","tag-resolution","tag-sound","tag-treasury","tag-u-s"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1922126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1922126"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1922126\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1922127"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1922126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1922126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1922126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}