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Title: Another One Down? First Republic Bank Fails, FDIC Sells It to JP Morgan
Source: LRC
URL Source: https://www.lewrockwell.com/2023/05 ... ls-fdic-sells-it-to-jp-morgan/
Published: May 3, 2023
Author: Daisy Luther
Post Date: 2023-05-03 20:37:19 by Charles_Byrd
Keywords: None
Views: 259

It was only 6 weeks ago when the nation was briefly paralyzed with concern as we watched three banks go under, with their deposits under FDIC control. At the time, I wrote that one of the next banks to fail could be First Republic Bank.

And today may be the day that it does unless there’s a dramatic last- minute save. If it does fail, it will be the second-largest bank failure in American history.

Click for Full Text!

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