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3min chapter
Why First Republic Bank Was Seized and Sold to JPMorgan?
Patrick Boyle On Finance
Introduction
The US government seized First Republic Bank on Monday morning this week, wiping out equity holders entirely. This is now the fourth US bank to fail in the last few months and the second biggest bank failure in US history. In today's video let's look at some of the nuance of this deal and discuss the general situation with US regional banks.
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Listen to the best highlights from the podcasts you love and dive into the full episode