Rachel Louise Ensign

Banks too big to fail are gaining deposits: “How can I compete for new business with that big enchilada out there?”

Shares of Metropolitan Bank surged in aftermarket trading after the lender reported a higher profit and revenue that topped Wall Street expectations. The stock was recently up about 10%. For the quarter, the bank said its net income rose 31% to $25.1 million, or $2.25 a share, as it benefitted fro

Silicon Valley Bank and Signature borrowed heavily from the Federal Home Loan Bank system before collapsing.

Lenders like Citizens Financial and Hancock Whitney are paying more to keep depositors around.

San Francisco-based First Republic Bank for the first time detailed the massive withdrawals it experienced following Silicon Valley Bank’s failure: Total deposits were $104 billion, down more than 40% from the prior quarter. That figure includes the $30 billion other banks deposited in First Re

The bank said it will cut head count by as much as 25% and slash executive pay as it restructures its balance sheet.

Mr. Dimon used JPMorgan’s massive balance sheet to beat out smaller banks to buy the troubled lender.

Shares of a number of midsize lenders fell sharply Tuesday following the collapse of First Republic Bank, a sign that investors are still worried about the industry’s health.

Stock declines have wiped out billions of dollars of paper gains meant for big-ticket expenses.

The banks that took over collapsed First Republic Bank and Silicon Valley Bank laid off some of the failed institutions' staffers this week. JPMorgan Chase, which acquired the bulk of First Republic when it was seized by the government May 1, laid off some of the San Francisco bank’s staffers on Th