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[ad_1] JPMorgan Chase's move to acquire most of First Republic Bank's assets  this week hasn't stemmed investor concerns about the financial prospects for other regional lenders. The stock prices of Comerica, PacWest Bancorp, Western Alliance Bank and Zions Bank shares fell sharply Tuesday as attention shifted to other financial players that could be at risk of the startling bank runs that have taken down First Republic, Silicon Valley Bank and Signature Bank in recent weeks.  "Wall Street is quickly hitting the sell button as banking turmoil appears it is not going away anytime soon and is ready to focus on the next weakest link — potentially distressed lenders with tremendous exposure to commercial real estate," Edward Moya, a senior market analyst at Oanda, said in a research note. Shares of Los Angeles-based PacWest, with $44 billon in assets, plunged 28%, while $65 billion Western Alliance tumbled 15%. The KBW...

[ad_1] First Republic Bank was teetering for weeks before it was seized  early Monday by regulators, who then accepted a bid from banking giant JPMorgan Chase to acquire almost all of its assets.  That move is leading to a host of questions about what happens next, such as the sale's impact on depositors and shareholders.  Here's what to know about the bank's collapse. Why did First Republic Bank collapse? The California Department of Financial Protection and Innovation took over First Republic early Monday because the regulator had determined that the bank was conducting its business in an "unsound manner." The California regulator then appointed the Federal Deposit Insurance Corporation (FDIC) as the bank's receiver. The collapse follows the March seizure by regulators of Silicon Valley Bank and Signature Bank, both of which had experienced bank runs.  Like Silicon Valley Bank, a significant share of...

[ad_1] Repaired Ruby Princess sails for Alaska after 3-day layover in San Francisco Repaired Ruby Princess sails for Alaska after 3-day layover in San Francisco 03:36 The U.S. Coast Guard gave the Ruby Princess clearance to depart San Francisco on Sunday, three days after the cruise ship crashed into a dock and had to undergo significant repairs.  Representatives with Princess Cruises, the ship's owner, said that repairs to the punctured hull —which forced the ship to remain at San Francisco's Pier 27 over the weekend— were inspected and certified by the Coast Guard and the "ship is safe and fit to sail." The Ruby Princess set sail Sunday for the Pacific North...