
sr20230504_Money
Divine Intelligence, etc
00:00
Google's History Eraser
First Republic Bank of C sold to JP Morgan and second largest bank failure. As part of the agreement, FDIC will share losses with JP Morgan on first republics loans. First Republic limped along for weeks after America's biggest banks came to its rescue with $30 billion. The deal means JP Morgan, the largest bank in the US is to emerge from crisis bigger than it was before.
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