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Why First Republic Bank Was Seized and Sold to JPMorgan?
Why First Republic Bank Was Seized and Sold to JPMorgan?
ratings:
Length:
14 minutes
Released:
May 5, 2023
Format:
Podcast episode
Description
The FDIC took possession of First Republic Bank on Monday, resulting in the third failure of an American bank since March.JPMorgan Chase, already the largest U.S. bank by several measures, emerged as the buyer in a weekend auction for First Republic. It will get all of the ailing bank’s deposits and a “substantial majority of assets.”Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvCPatreon Page: https://www.patreon.com/PatrickBoyleOnFinanceVisit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoylePatrick Boyle YouTube Channel Support the show
Released:
May 5, 2023
Format:
Podcast episode
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