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WHAT’S HAPPENING: Failed Bank First Republic Is Bought by JPMorgan Chase
NPRJPMorgan Chase is taking over First Republic after the troubled bank was placed in the FDIC’s receivership in the latest failure in the banking system.
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What to read to understand the causes and consequences of First Republic Bank’s collapse, including the question on everybody’s mind: are more bank failures in the offing?
Image by Justin Sullivan / Staff / Getty Images
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WHO IS IMPACTED: What Happens to First Republic Bank’s Stock and Deposits Now?
CBS NewsThat move is leading to a host of questions about what happens next, such as the sale’s impact on depositors and shareholders.
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HOW WE GOT HERE: What Went Wrong at First Republic Bank
Fast CompanyThe collapse of First Republic and SVB reveal major flaws in the way regional banks are regulated.
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THE BIG PICTURE: Why Banks Keep Failing
The AtlanticThree previously solid, medium-size banks suddenly faced annihilation. The blame lies with the system itself.
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WHAT COULD HAPPEN NEXT: White House Banking Headache Won’t End With First Republic Deal
CNNA new joint effort by the government and the finance industry to prevent another teetering bank from triggering a wider crisis is underscoring US and international worries about the sector and producing another no-win political headache for the Biden administration.