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How First Republic Bank became the third major bank to fail in 2023

May 3, 2023
in Market & News
Reading Time: 1 min read
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The FDIC announced it seized First Republic Bank and that JPMorgan Chase would be purchasing the bank’s assets and deposits. Barron’s reporter Megan Cassella explains what led up to the latest banking failure and whether officials think it stems from previous crisis in 2023.

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