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Economic concerns grow as First Republic Bank becomes 3rd major bank to fail this year

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The third major bank failure of the year has shaken the U.S. banking system. Federal regulators announced Monday that they seized First Republic Bank and accepted JPMorgan Chase's bid to buy the failed bank’s deposits and most of its assets. Amna Nawaz discussed the developments with Roben Farzad of Full Disclosure.

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Category
U.S. & Canada
Tags
bank bailout, bank failure, bank takeover
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