Less than two months after the abrupt failures of Silicon Valley Bank and Signature Bank, federal regulators seized First Republic Bank and sold it to JPMorgan Chase Bank. The Federal Deposit Insurance Corporation (FDIC) and […]
All of First Republic’s 84 offices in eight states will reopen today and its depositors will become customers of JPMorgan Chase Bank, The post First Republic Bank Seized by Regulators, Sold to JPMorgan Chase appeared […]
April 26 (Reuters) – First Republic Bank’s (FRC.N) shares fell nearly 10% in premarket trading on Wednesday as analysts highlighted concerns about the troubled lender’s plans to turn around its business. The company’s shares were last trading […]
First Republic Bank, the fourth-largest non-agency jumbo lender in America, is exploring strategic options, including a sale and a capital infusion, and is expected to attract interest from larger rivals, Bloomberg reported on Wednesday, citing anonymous sources […]
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