Trending: First Republic Bank Taken Over by JPMorgan Chase
01 Mayo 2023 - 9:43AM
Noticias Dow Jones
10:12 ET -- First Republic Bank is one of the most mentioned
companies in the U.S. across all news items in the last 12 hours,
according to Factiva data. First Republic Bank was seized by
regulators early Monday morning, and struck a deal to sell the bulk
of its operations to JPMorgan Chase & Co., marking the
second-largest U.S. bank failure. The bank had teetered for weeks
following the failures early in March of two large U.S. regional
banks, Silicon Valley Bank and Signature Bank. First Republic's
struggles accelerated after the San Francisco company reported
first-quarter results on April 24, which showed its deposits fell
by $100 billion during the banking crisis. Net income dropped by a
third. Dow Jones & Co. owns Factiva. (chris.wack@wsj.com)
(END) Dow Jones Newswires
May 01, 2023 10:27 ET (14:27 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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