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U.S. Treasury seeks to calm fears after First Republic Bank fails

Por: Newsweek Nation May 01, 2023

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The United States Treasury is insisting the American banking system remains sound and resilient after First Republic Bank was closed by regulators on Monday in the second-largest bank failure in U.S. history.First Republic Bank was seized by California regulators and sold to JPMorgan Chase, which will assume responsibility for all deposits and assets. Depositors with First Republic Bank will have their accounts switched over to JPMorgan Chase... + full article



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