First Republic Bank Seized by US Regulators and Acquired by JPMorgan Chase 🏦
US regulators have shut down First Republic Bank, which has been sold to JPMorgan Chase. Learn what this means for customers and the banking sector.
About this video
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
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#FirstRepublicBank #JPMorgan #FDIC
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786
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Duration
3:01
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Published
May 1, 2023
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