Published
The failed US bank First Republic is being acquired by its rival JPMorgan Chase, in a $10.6bn deal.
Regulators had taken control of First Republic after a crash in its share price.
It is the third US bank failure since March, and there are fears it will not be the last.
Al Jazeera's Kristen Saloomey reports from New York, the United States.
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Regulators had taken control of First Republic after a crash in its share price.
It is the third US bank failure since March, and there are fears it will not be the last.
Al Jazeera's Kristen Saloomey reports from New York, the United States.
- Subscribe to our channel: http://aje.io/AJSubscribe
- Follow us on Twitter: https://twitter.com/AJEnglish
- Find us on Facebook: https://www.facebook.com/aljazeera
- Check our website: https://www.aljazeera.com/
@AljazeeraEnglish
#Aljazeeraenglish
#News
#UnitedStates
#Bankcollapse
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