Regulators seized troubled First Republic Bank early Monday and sold all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off further banking turmoil in the U.S. San Francisco-based First Republic is the third midsize bank to fail in two months.
source https://www.cbc.ca/news/business/first-republic-jp-morgan-1.6822670?cmp=rss
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