How Jim Herbert built First Republic; TD-First Horizon deal scrapped

Jim Herbert built First Republic over 40 years. Then it all fell apart. On one level, the failed bank's narrative mirrors the interest rate misplay and depositor panic at Bay Area neighbor Silicon Valley Bank . But it's also a deeply personal story about Herbert, who founded First Republic in the 1980s, championed its aggressive growth and failed in a last-ditch attempt to engineer a private-sector rescue.

Read more about the bank's demise: Just how 'orderly' was First Republic's failure?

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First Horizon, TD Bank call off long-delayed merger : The companies cited an inability to secure regulatory approvals after postponing multiple times a closing that had been originally expected last fall.

Inflation exposes weak spots, and opportunities, for payments : For firms that get it right, there's a chance to capture profits and offset risk from rising interest rates and inflation, according to experts who spoke at our Payments Forum conference.

Small Utah bank is again in 'substantial noncompliance' with CRA : Liberty Bank, an $11.6 million-asset lender in Salt Lake City, is the first bank in six years to be hit with the lowest rating possible twice in a row. Regulators identified an unspecified "illegal credit practice" during their review of the bank's performance under the Community Reinvestment Act.

Read more about regulation: Fed cites interest rate risk in community bank enforcement action

How a Hawaiian credit union is supporting diverse entrepreneurs : Kauai Federal Credit Union in Lihue is launching an "economic resiliency center" for members in the Kapa'a community. It hopes to support minority-owned businesses throughout the area by providing access to housing resources and other funding.