Regulators shut down First Republic Bank, named JPMorgan as the buyer of $330 billion in assets and deposits, FDIC on the hook for $13 billion
First Republic Bank (FRB), which teetered on the brink of collapse in the weeks following the Silicon Valley Bank crisis, has finally collapsed, but with a relatively quick fix for the next chapter: Today, the Federal Deposit Insurance Corporation (FDIC) ) announced that it was being shut down by the California Department of Financial Protection … Read more