Amazon UK

Monday, 1 May 2023

US Banking Crisis Nearly 'Over' After JPMorgan Chase Scoops Up First Republic in Auction

The buyout resolves just one of the latest US banking failures since the start of the year following the Silicon Valley Bank collapse. The Federal Deposit Insurance Corporation (FDIC) briefly took over First Republic Bank and sold it JPMorgan Chase on Monday after it lost about $100 billion worth of deposits since the start of 2023.

from Sputnik News - World News, Breaking News & Top Storie https://ift.tt/2wBZIio
via IFTTT

No comments:

Post a Comment

CPA Cash Machine