Published 1 year ago

Bitcoin, Dogecoin Tumble As JP Morgan Takes Over First Republic - First Republic Bank (NYSE:FRC), JPMorgan Chase (NYSE:JPM)

Summary by Ground News

First Republic Bank is now the second-largest bank failure in U.S. history. JPMorgan Chase will now take over First Republic Bank, which had $229.1 billion in assets and $103.9 billion in deposits as of April 13. Chase already holds more than 10% of the nation's deposits, which would have technically made it ineligible.

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Globo

First Republic Bank é vendido ao JPMorgan Chase

Esforço para salvar o banco aconteceu após queda de 75% das ações desde a última segunda-feira, quando os clientes sacaram mais da metade dos depósitos O americano Federal Deposit Insurance Corp (FDIC) assumiu o controle do First Republic Bank e imediatamente o vendeu para o JPMorgan Chase nesta segunda-feira, uma medida dramática tomada com o objetivo de conter uma crise bancária que já dura dois meses e que abalou o sistema financeiro do país.…

1 year ago·Brazil

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Infobae

El First Republic Bank de los EEUU fue intervenido y será rescatado por el JPMorgan

Las autoridades de los Estados Unidos estaban buscando una forma de resolver la situación antes de que abrieran los mercados bursátiles norteamericanos este lunes

1 year ago·C A B A, Argentina

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Benzinga

Bitcoin, Dogecoin Tumble As JP Morgan Takes Over First Republic - First Republic Bank (NYSE:FRC), JPMorgan Chase (NYSE:JPM)

Major coins traded mixed on Monday as traders are keeping a close watch on the upcoming U.S. job openings data, which is slated to be released on Tuesday.

1 year ago·New York, United States

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Washington Examiner

Three takeaways from the First Republic Bank takeover

FILE - A pedestrian walks past a First Republic Bank in San Francisco on April 26, 2023. Regulators continued their search for a solution to First Republic Bank’s woes over the weekend before stock markets were set to open Monday, May 1. (AP Photo/Jeff Chiu, File) Jeff Chiu/AP Three takeaways from the First Republic Bank takeover Jack Birle May 01, 11:49 AM May 01, 11:49 AM Video Embed First Republic Ba…

1 year ago·Washington, United States

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Financial Post

JPMorgan takeover of First Republic provokes 'too-big-to-fail' banking critics

JPMorgan used its huge balance sheet to purchase of First Republic Bank, raising alarm bells among critics of the financial titans. Read on.

1 year ago·Canada

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UOL

JP Morgan announces that it will take deposits from First Republic Bank

JP Morgan stated on Monday (1st) that it acquired “a substantial majority of the assets, deposits [insured and uninsured] and some other liabilities” from First Republic Bank... The post JP Morgan announces that it will take deposits from First Republic Bank appeared first on The Antagonist.

1 year ago·Brazil

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