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The First Republic Bank headquarters in San Francisco, California U.S. April 28, 2023. /CFP
The California Department of Financial Protection and Innovation (DFPI) said on Monday that regulators had seized First Republic Bank, in what is the third major U.S. bank to fail in two months.
DFPI appointed the Federal Deposit Insurance Corporation (FDIC) as receiver of First Republic Bank and said it accepted a bid from JPMorgan Chase Bank, National Association, Columbus, Ohio, to assume all deposits.
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Copyright © 2023 CGTN. 京ICP备16065310号
Disinformation report hotline: 010-85061466