Less than two months after the abrupt failures of Silicon Valley Bank and Signature Bank, federal regulators seized First Republic Bank and sold it to JPMorgan Chase Bank.The Federal Deposit Insurance Corporation (FDIC) and JP Morgan are also entering into a loss-share transaction on single family, residential and commercial loans it purchased from the former First Republic Bank.
#back #years #san-francisco #los-angeles #approximately #transaction #monday-morning #interest-rates #residential #federal-reserve
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