JPMorgan Chase Buys First Republic After FDIC Seizure: Is the Banking Crisis Over?

Motley Fool2023-05-02

The saga of First Republic Bank came to a close over the weekend, as the Federal Deposit Insurance Corporation (FDIC) took over the San Francisco-based financial institution. The regulatory agency ...

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Comments

  • PeanutButterMonster
    2023-05-02
    PeanutButterMonster
    Did First Republic Back management escape unscathed??
  • Deshost
    2023-05-02
    Deshost
    If I am a current depositor of First Republic, I would seize this rare opportunity to withdraw and review my funds, neve mind JPMorgan or other big banks. Thanks for the opportunity to get rid of the potentially high risk of bank failure, in what seemingly is a low risk safe heaven, that is indirectly due to Fed and US treasury handling of the financial situation in early 2022 and later, when they believed that the inflation 'was temporary' and apply their actions accordingly to the thought. As a result, putting most of the funds in safe havens or other financial instruments with the least impact could be a strategy, while Fed and US government negotiate and find a way to counter the current criss crossing effects of money flow vs costs of borrowing and i
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