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May 1, 2023 · First Republic Bank has been taken over by the Federal Deposit Insurance Corporation and will be sold to JPMorgan — the third major bank to go under in less than two months.
May 1, 2023 · JPMorgan won’t keep the First Republic name. Instead, the bank will rebrand some wealth centers, with First Republic’s platforms and systems integrated into JPMorgan’s existing ones.
May 1, 2023 · The federal government seized First Republic Bank and sold it to JPMorgan Chase on Monday, ending the lender’s six-week-long free fall and reassuring depositors that their money is safe.
May 1, 2023 · Regulators seized troubled First Republic Bank early Monday, making it the second-largest bank failure in U.S. history, and promptly sold all of its deposits and most of its assets to JPMorgan Chase in a bid to stop further banking turmoil that has dominated the first half of this year.
May 1, 2023 · JPMorgan Chase is buying most assets of First Republic Bank after the nation’s second-largest bank failure ever, in a deal announced early Monday after a weekend of negotiations.
May 2, 2023 · The banking crisis of 2023 has claimed its largest US victim to date: First Republic Bank. The deal regulators orchestrated in the early hours of Monday for JPMorgan Chase to acquire the...
May 1, 2023 · First Republic is the second-largest U.S. bank by assets to collapse after Washington Mutual, which failed during the financial crisis of 2008 and was also acquired by JPMorgan.
May 1, 2023 · NEW YORK, April 30 (Reuters) - PNC Financial Services Group (PNC.N), JPMorgan Chase & Co (JPM.N) and Citizens Financial Group Inc (CFG.N) were among banks that submitted final bids for First...
May 1, 2023 · Regulators seized First Republic Bank and sold its assets to JPMorgan Chase & Co on Monday (May 1), in a deal to resolve the largest US bank failure since the 2008 financial crisis and draw a...
May 1, 2023 · Regulators seized troubled First Republic Bank early Monday and sold all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off further banking turmoil in the U.S....
