Por: ABC News Business May 01, 2023
First Republic Bank has become the third bank to fail in recent months and the giant JPMorgan Chase will assume all of its assets, according to the Federal Deposit Insurance Corporation.The FDIC said the deal avoids the agency having to use its emergency powers and would minimize disruptions for customers. It comes in the wake of the failure of Silicon Valley Bank and Signature Bank shortly thereafter.Under the deal JPMorgan Chase is set to take... + full article
The Hill USA Politics May 02, 2023
First Republic Bank was seized by regulators and sold to JPMorgan Chase early Monday morning, making it the third major bank to fail since March. The FDIC brokered the deal for Chase to take over First Republic following negotiations over the weekend and “a highly competitive... + más
Don't let the patriotic talk fool you. Here are 5 ways JPMorgan stands to win from buying First Republic Bank. | Business Insider
First Republic Bank seized, sold to JPMorgan Chase | New York Daily News
ABC News USA Business May 01, 2023
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 further banking turmoil in the U.S.San... + más
Business Insider USA Business May 01, 2023
Jump to 0 An icon in the shape of a person's head and shoulders. It often indicates a user profile. An icon in the shape of a person's head and shoulders. It often indicates a user profile. All Featured About Follow Subscriptions US Markets Loading... H M S In the news... + más
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CBS News USA Politics March 20, 2023
In recent years, bank failures have become rare. Prior to failing earlier this month, the last time the Federal Deposit Insurance Corp. (FDIC) took over a financial institution was in October 2020. But the failures of Silicon Valley Bank and Signature Bank are a reminder of the... + más
SVB Is Now In the Hands of FDIC. Here’s How the Agency Works. | MarketWatch
Fox Business USA Business March 15, 2023
Fisher Investments founder Ken Fisher discusses the fallout from Silicon Valley Bank's sudden collapse on 'Varney & Co.' The collapse of Silicon Valley Bank reminded investors and banking customers about what's insured by the Federal Deposit Insurance... + más
MarketWatch USA Business March 12, 2023
As clients seek to recoup money saved at the bank, the FDIC must wrestle with the second-largest bank failure by assets in its history—and the largest since the 2008-2009 financial crisis. Will companies and individuals get their deposits back in whole? It depends on where... + más
Why SVB’s Failure May Cause More Pain for Customers Than Washington Mutual’s Did | MarketWatch
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