Fed: US bank loans dropped after First Republic collapse - Breaking The News

Fed: US bank loans dropped after First Republic collapse

12 May

1 min read

EPA-EFE/MICHAEL REYNOLDS

Commercial lending in all United States banks fell in the week which ended May 3, the period corresponding with the collapse of the First Republic Bank, to arrive at $12.13 trillion, around $15.7 billion less than the figure recorded the week prior.

On May 1, the Federal Deposit Insurance Corporation (FDIC) greenlighted JPMorgan Chase & Co.'s bid to acquire deposits and substantially all of the assets of the failed bank.

fed data first republic banking crisis

NFIB: US small business optimism falls in April

15 minutes ago

The National Federation of Independent Business (NFIB) stated on Tuesday in its report that the United States Small Business Optimism Index came in at 95.8 in April, down by 1.6 points from March.The net percent of owners who see real sales increasing declined by four points in the reported month compared to March and now stands at a net negative 1%. The percentage of owners quoting inflation as their main issue in operating the business edged down by two...

ZEW: German economic sentiment skyrockets in May

an hour ago

German economic sentiment skyrocketed in May, with the sentiment index rising to 25.2 from negative 14 in April, the Centre for European Economic Research (ZEW) revealed in its report on Tuesday. The indicator increased more than analysts projected. Meanwhile, the current situation index declined slightly, climbing from a negative 81.2 in April to a negative 82 in May.The economic sentiment index for the Eurozone grew by 30.1 points from the...

UK unemployment up to 4.5% in Q1

4 hours ago

The rate of unemployment in the United Kingdom stood at 4.5% in the first quarter of 2025, data released by the Office for National Statistics (ONS) showed on Tuesday. The reading was in line with analysts' estimates and marked an increase from the previous quarter.The employment rate was estimated at 75%, unchanged from the previous three-month period. Meanwhile, the number of job vacancies in the February-to-April period fell by 42,000 to...

Goolsbee: Tariffs still pose stagflation risk despite China deal

15 hours ago

Federal Reserve Bank of Chicago President Austan Goolsbee told The New York Times on Monday that tariffs and policy uncertainty under US President Donald Trump continue to pose a risk of stagflation. While he welcomed the recent US-China agreement to ease tariffs for 90 days, he warned that the remaining levies are still "three to five times higher" than before and could slow economic growth while pushing prices higher.Goolsbee, a voting member...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.