NewsBot
01-May-23, 19:20
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
First Republic Bank is the third major U.S. bank to collapse in recent months
First Republic Bank has become the third bank to fail in recent months and the giant JPMorgan Chase will assume all of its assets, according to the Federal Deposit Insurance Corporation. The FDIC said the deal avoids the agency having to use its emergency powers and would minimize disruptions for customers. [Read Full Article (https://caithness-business.co.uk/article/20056)]
First Republic Bank is the third major U.S. bank to collapse in recent months
First Republic Bank has become the third bank to fail in recent months and the giant JPMorgan Chase will assume all of its assets, according to the Federal Deposit Insurance Corporation. The FDIC said the deal avoids the agency having to use its emergency powers and would minimize disruptions for customers. [Read Full Article (https://caithness-business.co.uk/article/20056)]