KEN SWEET

New York, New York

Ken Sweet is an Associated Press Business Writer.

Latest Articles

A First Republic bank branch on April 26, 2023 at San Francisco, California. — Justin Sullivan/Getty Images

JPMorgan Chases Acquires First Republic Bank After Seizure by Regulators

First Republic is the third midsize bank to fail in two months. It is the second-biggest bank failure in American history, behind only Washington Mutual, which collapsed at the height of the 2008 financial crisis.

By KEN SWEET

|May 1, 2023|

Economy

A First Republic Bank branch at New York City, March 16, 2023. — AP/Mary Altaffer

Banks Create $30 Billion Rescue Package for First Republic

The bank serves a similar clientele as Silicon Valley Bank, which failed Friday after depositors withdrew about $40 billion.

By KEN SWEET

|Mar 16, 2023|

National

A Silicon Valley Bank branch at Santa Clara, California, March 10, 2023. — AP/Jeff Chiu

Silicon Valley Bank Seized by Regulators After Historic Failure

The nation’s 16th-largest bank failed after its depositors hurried to withdraw money this week amid anxiety over the bank’s health. It is the second biggest bank failure in American history.

By KEN SWEET

|Mar 10, 2023|

Economy

The former FTX chief executive, Sam Bankman-Fried. — Good Morning America/ABC News via AP

SEC Charges Bankman-Fried With Defrauding Crypto Investors

The civil complaint says Sam Bankman-Fried diverted customer funds to Alameda Research LLC, his privately-held crypto fund, without telling them.

By KEN SWEET

|Dec 13, 2022|

Justice