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US: First Republic Bank shuts down, JP Morgan to take over assets | FDIC | Oneindia News
Video Credit: Oneindia
Published on May 1, 2023 - Duration: 03:01s
US: First Republic Bank shuts down, JP Morgan to take over assets | FDIC | Oneindia News
On Monday, United States regulators said that First Republic Bank has been seized and a deal agreed to sell the bank to JPMorgan Chase & Co.
This is the third major US institution to fail in two months.
#FirstRepublicBank #JPMorgan #FDIC ~PR.151~ED.103~HT.178~GR.122~
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