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First Republic Bank Seized by Regulators and Sold to JPMorgan Chase

Por: Time Business May 02, 2023

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(NEW YORK) — Regulators seized troubled First Republic Bank early Monday and 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. It is the second-biggest bank failure in U.S. history, behind only , which collapsed at the height of the 2008 financial crisis and was also taken over by JPMorgan. First Republic has struggled since the March and and... + full article



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