Questions and Answers about
Bank Failure
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in BusinessWhich financial giant bought First Republic Bank’s assets and deposits?
Answer: lt;p style=”direction: ltr;”Regulators seized troubled First Republic Bank Monday, May 1, 2023, and sold its deposits and most of its assets to JPMorgan Chase Bank. With $229 billion in assets, First Republic Bank became the second-largest bank failure in US history. It surpasses Silicon Valley Bank, which failed on March 10, 2023. Both banks…
