After a weekend considering their options, federal regulators took over the troubled, San Francisco–based First Republic Bank early Monday morning and sold most of its operations to JPMorgan Chase, in what amounts to the second-largest U.S. bank failure ever. (The biggest was Washington Mutual in 2008.) This was a somewhat predictable endpoint for First Republic after a weekslong slog of pulled deposits, lowered investor confidence, and gargantuan stock plunges.

Financial regulators in California took control of First Republic Bank and appointed the Federal Deposit Insurance Corporation in charge, who then sold the bank to JPMorgan Chase, the California Department of Financial Protection and Innovation announced early Monday morning.

JPMorgan Chase has now assumed "all deposits, including all uninsured deposits, and substantially all assets of First Republic Bank," and its 84 branches in eight states will reopen Monday as part of JPMorgan Chase.

The Federal Deposit Insurance Corporation, also known as the FDIC, will imminently place First Republic Bank under receivership, marking the third collapse of a medium-sized American bank in less than two months.

It's been six weeks since the collapse of Silicon Valley Bank and Signature Bank threatened to kick off a nationwide bank run. Now, U.S. regulators are due to issue their postmortem reports.

The Federal Reserve plans to release a report Friday on whether there were lapses in its oversight of Silicon Valley Bank that may have contributed to the bank's failure.

Separately, the Federal Deposit Insurance Corp. will also report Friday on how the regulator supervised New York-based Signature Bank, which failed days after the Silicon Valley lender.

Investing legend Warren Buffett believes there could be more bank failures down the road, but depositors should not ever be worried.

“We’re not over bank failures, but depositors haven’t had a crisis,” the Berkshire Hathaway chairman and CEO told CNBC’s Becky Quick on “Squawk Box” Wednesday from Tokyo. “Banks go bust. But depositors aren’t going to be hurt.”

Bank of America clients sold around $2.3 billion in U.S. equities last week, according to a note from bank strategist Jill Carey Hall on Tuesday.

Although the note failed to highlight reasons for the withdrawal, data compiled by Bank of America showed clients sold both single stocks and ETFs for the second consecutive week, while selling was broad-based across client groups including institutional, hedge funds, retail, and size segments.

Amid concerns over commercial real estate, the bank recorded the biggest real estate outflows since mid-2021.

JPMorgan Chase CEO Jamie Dimon expressed confidence about the future of the American economy despite the recent banking crisis that gripped the nation and his pessimistic comments last year.

Dimon, regarded as one of the most powerful investment bankers on Wall Street, wrote in his annual shareholder letter that elevated consumer spending and the massive savings that households accumulated during the lockdown-induced recession are likely to produce a strong economy in the near future, notwithstanding the market volatility of the past year.