Fourth US Bank Collapses as First Republic Fails
First Republic Bank becomes latest casualty in American banking turmoil, with JPMorgan acquiring assets in dramatic federal intervention following SVB, Signature and Silvergate failures.
First Republic Bank becomes latest casualty in American banking turmoil, with JPMorgan acquiring assets in dramatic federal intervention following SVB, Signature and Silvergate failures.
Exclusive: Wells Fargo faces major setback as US regulators reject its resolution plan, triggering a 9% stock plunge and raising concerns over the bank's crisis management capabilities.