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Why Nothing Could Stop First Republic’s Collapse

Por: Slate Business May 01, 2023

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After a weekend considering , federal regulators 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. The... + full article



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