First Republic Bank
Former American financial services company
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First Republic Bank was a commercial bank and provider of wealth management services headquartered in San Francisco, California. It catered to high-net-worth individuals and operated 93 offices in 11 states, primarily in New York, California, Massachusetts, and Florida. On May 1, 2023, as part of the 2023 United States banking crisis, the FDIC announced that First Republic had been closed and sold to JPMorgan Chase.
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Major US bank First Republic collapses as regulators agree deal to sell assets US bank First Republic's assets will be taken over by JP Morgan after it became the third American lender to fail in two months.Sky News - Published | |
First Republic Bank's shares plunge as it admits more than $100bn of withdrawals Shares in First Republic Bank have tumbled to a new record low after the troubled US regional lender admitted last month's banking crisis sparked a customer deposit flight of more than $100bn.Sky News - Published | |
Group of major US banks ride to $30bn rescue of troubled First RepublicA group of 11 major banks have provided $30bn (£24.7bn) in cash in an attempt to end a crisis of confidence surrounding another major US bank.Sky News - Published | |
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