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First Republic Bank teeters on collapse as regulators circle troubled lender

Por: CBS News Politics April 29, 2023

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The Federal Deposit Insurance Corporation is set to seize control of First Republic Bank, according to multiple reports.Shares of the ailing regional bank cratered on Friday following a  report that it is likely to be seized by federal financial regulators, putting it in jeopardy of becoming the third bank to collapse since Silicon Valley and Signature Bank failed last month. FDIC officials think First Republic is out of time to arrange a... + full article



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