Tag: republic bank

NEWS

U.S. Regulator Seizes First Republic Bank, To Sell Assets To JP Morgan

The California Department of Financial Protection and Innovation said Monday it had closed First Republic Bank and agreed a deal to sell its assets to JPMorgan Chase & Co and National Association, in what is the third major U.S. bank to fail in two months. JPMorgan Bank was one of several interested buyers, including PNC Financial Services Group and Citizens […]