First Republic Bank is seized by regulators and sold to JPMorgan Chase
From Scream@21:1/5 to All on Mon May 1 01:25:47 2023
First Republic Bank Is Seized by Regulators and Sold to JPMorgan Chase
First Republic, whose assets were battered by the rise in interest rates, was unable to avoid a government takeover after two other lenders collapsed last month, spooking depositors and investors.