First Republic Seized by Regulators, Will Be Sold to JPMorgan

[troubled soul]

First Republic Seized by Regulators, Will Be Sold to JPMorgan​

First Republic Seized by Regulators, Will Be Sold to JPMorgan

First Republic Bank was taken over by regulators and will be acquired by JPMorgan Chase & Co., after rescue efforts failed to undo the damage from wrong-way investments and depositor runs that have roiled regional lenders.

www.bloomberg.com

 

[Martin Everson]

$100bn out the door in 3 months or 40% of deposits. Surprised they lasted as long as they did. It's never ending story sadly.