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  • US seizes assets of First Republic Bank, third to collapse in 2 months
01 May

US seizes assets of First Republic Bank, third to collapse in 2 months

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JPMorgan Chase acquires bank's assets, set to reopen branches under its name, after bank failed to recover from $100 billion loss in year's first quarter

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Points: 11

Category: 
Israel & the Region
banks
financial distress
US economy
JPMorgan Chase
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