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Is my money safe? What you need to know about bank failures

Por: ABC News Business May 01, 2023

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NEW YORK -- Recent turmoil in the banking industry may have you worried about your money.Officials announced Monday that they closed San Francisco-based First Republic Bank, making it the third U.S. bank to collapse in the past two months. Most of First Republic’s assets are being acquired by JPMorgan.First Republic had wealthy clients who rarely defaulted on their loans. But the vast majority of deposits were above the $250,000 limit set by... + full article



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