The largest US bank collapse in 15 years is happening right now. The latest First Republic Bank News shows who is buying First Republic Bank (ticker FRC), and a deal is expected to be completed by the end of Sunday, with the new First Republic Bank owner being announced Monday morning. This could have an impact on markets worldwide as this world news causes new fears of a renewed banking crisis in the United States. And while all of that is happening, the May Fed meeting is also happening this week. The FOMC meeting will give us insight into how much interest rate hikes the Federal Reserve will do, as well as when the Federal Reserve will pause, and when the Federal Reserve will cut rates. In addition, we have major companies reporting earnings this week, including Apple Earnings. And the Apple stock earnings (AAPL stock) could be the biggest stock market news this week.
