Another Bank Bites the Dust
2023-05-02
First Republic Bank was seized by regulators Monday, becoming the second-largest bank failure in American history. JPMorgan acquired the bank’s assets and now holds more than 10% of all US deposits.
First Republic Bank was seized by regulators Monday, becoming the second-largest bank failure in American history. JPMorgan acquired the bank’s assets and now holds more than 10% of all US deposits.