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First Republic Bank seized, sold to JPMorgan Chase

Por: WPLG Local 10 Politics May 01, 2023

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NEW YORK – Regulators seized troubled First Republic Bank early Monday, making it the second-largest bank failure in U.S. history, and promptly sold all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off in the U.S. is the third midsize bank to fail in two months. The only larger bank failure was , which collapsed at the height of the 2008 financial crisis and was also taken over by JPMorgan.First Republic has... + full article



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