Failed bank First Republic is bought by JPMorgan Chase
JPMorgan Chase is buying the troubled First Republic Bank's deposits, a "substantial amount of their assets and certain liabilities," JPMorgan Chase said in a press release Monday.
by David Gura
May 01, 2023
2 minutes
JPMorgan Chase, one of the biggest banks in the U.S., is buying the troubled First Republic Bank's deposits, a "substantial amount of their assets and certain liabilities," JPMorgan Chase said in a press release Monday.
The California Department of Financial Protection and Innovation announced early Monday that the Federal Deposit Insurance Corp had taken possession of First
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