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Which financial giant bought First Republic Bank’s assets and deposits?

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_x000D_Screenshot: href=”https://www.youtube.com/watch?v=twaFH8XUZXo”>AP News – YouTube

Which financial giant bought First Republic Bank’s assets and deposits?

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 were acquired by JPMorgan Chase, the nation’s largest bank, which has previously acquired failed banks such as Washington Mutual and Bear Stearns during the 2008 financial crisis. Get more news trivia facts on the First Republic Bank failure here.

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