First Republic Bank Joins List of Failed Federally Insured Banks ...Iraq

Shafaq News/ First Republic Bank, a California-based financial institution with about $213 billion in assets, has become the third bank to fail this year in the United States, following the collapse of Silicon Valley Bank and Signature Bank in March. Despite being ranked among the 30 most potent US banks last year, the bank's rescue plan failed, prompting US financial authorities to step in and sell it to JPMorgan Chase. JPMorgan Chase Chairman and CEO Jamie Dimon said in a statement that the bank was "called upon to step forward" and "our financial strength, capabilities, and business model allowed us to undertake the transition in a way that minimizes the costs to the deposit insurance fu

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First Republic Bank Joins List of Failed Federally Insured Banks ...Iraq

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