The FDIC seizes control of First Republic Bank, while JPMorgan Chase agrees to buy "a substantial majority of assets and assumed the deposits and certain other liabilities" of the bank. It makes First Republic the second-largest bank failure in US history.
The FDIC seizes control of First Republic Bank, while JPMorgan Chase agrees to buy "a substantial majority of assets" and toassume the "deposits and certain other liabilities" of the bank, in the second-largest bank failure in US history.
