The post First Republic Bank’s Dramatic Collapse Ends with JPMorgan Takeover appeared first on Coinpedia Fintech News
First Republic Bank, a former powerhouse in the American banking industry, saw its dramatic downfall come to an end as JPMorgan Chase acquired the bank after the Californian financial regulator took possession today, May 1st, 2023. This marks the third failure of an American bank since March, after unsuccessful attempts to convince other financial institutions …
