The Federal Deposit Insurance Corp. failed to create a level playing field for nonbank bidders pursuing First Republic Bank, according to FDIC board member Jonathan McKernan. 

Goldman Sachs Group is in talks to settle a high-profile lawsuit alleging gender pay disparity, ahead of going to trial next month, according to people with knowledge of the matter.

The recent bank failures are a stark reminder of how quickly financial companies can collapse, and that they leave little to compensate stockholders or junior debt owners, who stand at the back of the line for recoveries.

Industry leaders hoped that the emergency sale of First Republic Bank would quell investors' fears, but many banks saw big stock price declines on Tuesday. The instability could put pressure on lawmakers and policymakers to take more decisive action.

At the annual Milken conference, financial execs and dealmakers talked about what's concerning, and exciting, now.

The Securities and Exchange Commission plows ahead with plans to boost oversight of the private fund industry. 

Jeff March, president and CEO of Citadel Credit Union, will retire after nearly 23 years at the helm.

The new platform, Coinbase International Exchange, will list Bitcoin and Ether perpetual futures starting this week after it received a license last month from the Bermuda Monetary Authority.

The faltering bank's sale could work to quell any lingering unrest among depositors at other banks, according to analysts. "No one likes to see a bank fail, but it's good to have really the last remaining source of uncertainty resolved," said Citigroup CEO Jane Fraser.

An emergency deal for First Republic Bank will help boost JPMorgan's wealth management business. But company executives acknowledge that there are questions about how many of the failed bank's clients and wealth advisors it will be able to retain.

Citi and many large rivals have already begun trimming positions as they cope with the dealmaking drop that's cut into fees across Wall Street.

Land of Lincoln Credit Union in Decatur, Illinois, has agreed to acquire Nokomis Savings Bank. In December, the credit union announced a deal to buy Colchester State Bank.

First Republic Bank was shuttered by regulators early Monday, and all its deposits and most of its assets were acquired by JPMorgan. San Francisco-based First Republic was undone by low-rate mortgages it made to its wealthy customers as well as by the fallout from last month's banking crisis.

Genesis lawyer Sean O'Neal said that the crypto lender has agreed to a 30-day mediation period including its committee of unsecured creditors, which still opposes the proposed restructuring deal.

Former credit union chief hit with charges, $1 trillion of Home Loan bank advances, a deposit deal in Illinois and more in this week's banking news roundup.

Courtney Fifield replaces Bruce Leighton, who retired from the $252 million-asset institution last year.

The troubled lender could fail, get rescued by the nation's largest banks or muddle through as a zombie bank. Federal regulators and the big banks will have to decide which is the least bad option.

Even as First Republic Bank has sunk deeper into crisis this week — falling as much as 49% on one day alone — shares of many of its peers, including names like PacWest Bancorp and UMB Financial, have mostly held steady.

Representatives allege that the San Francisco Fed reportedly filed at least six "Matters Requiring Attention" or other warnings against SVB as early as July 2022.

The Pacific Northwest bank didn't reveal exactly how much more it expects to save. But executives said that they expect to achieve their earlier target sooner than they previously anticipated.