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852. News: The first American bank failure of 2024, as Visa launch US open banking
Fintech Insider Podcast by 11:FS
Discussion on the First American Bank Failure of 2024
This chapter examines the downfall of Republic First Bank, the first bank to fail in 2024, attributing its failure to factors like declining mortgage values and increasing interest rates. The chapter also outlines the bank's closure process, including branch transfers to Fulton Bank and the overall costs incurred.
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