US: First Republic Bank shuts down, JP Morgan to take over assets | FDIC | Oneindia News
Video Credit: Oneindia - Duration: 03:01s - Published
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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![Tax Payers PAID JPMorgan To Takeover BILLIONS Of First Republic Bank's Assets & Pay For All Losses For JPM! [Video]](https://video.newsserve.net/300/v/20230508/1683588630-Tax-Payers-PAID-JPMorgan-To-Takeover-BILLIONS-Of.jpg)
