2023-05-01 08:58:24
Financial authorities have taken control of the ailing Californian bank First Republic Bank which will be acquired by the American banking giant JPMorgan, announced on Monday the FDIC, the agency in charge of guaranteeing bank deposits and the bank.
The institution had been under severe pressure since the close failures of two institutions with a similar profile in early March, Silicon Valley Bank and Signature, seized by regulators after massive withdrawals from customers worried about their viability.
1682947836
#Republic #Bank #seized #authorities #acquired #JPMorgan
Related posts:
"Credit Suisse Takeover: Confederation Gains 100 Million Francs in Revenue - Repayment and Legal Ada...
The dollar is in pain after the statements of the US Federal Reserve
China remains Cameroon's top export destination in 2021 (report)
Kim Ik-rae, chairman of Kiwoom, discloses the block deal transaction statement... “Ra Deok-yeon’s c...
Evaluating XRP's Bullish Potential: Analysis, Predictions, and Projections
EITI: Togo sanctioned for the second time
EUR/USD Analysis Today: The Euro is showing its resilience
Cryptocurrency: Lowest since January - Bitcoin falls to four-month low