First Republic Bank Collapses, Third Major US Bank to Crash as JPMorgan Acquires Bank’s Assets

First Republic Bank Collapses, Third Major US Bank to Crash as JPMorgan Acquires Bank’s Assets
First Republic Bank was closed down by US regulators and acquired by JPMorgan. JPMorgan has bought the bank’s assets worth $229 Billion as US’ banking crisis continues. The rescue deal comes two months after US’ Silicon Valley and Signature Banks also collapsed.

Republic Bank | JPMorgan | United States | Silicon Valley | Signature Banks | World News | International News | Firstpost

#republicbank #jpmorgan #unitedstates #siliconvalley #signaturebanks #worldnews #internationalnews #firstpost

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The Collapse of these banks has torn into global markets, with investors ripping up their forecasts for further rises in interest rates and dumping bank stocks around the world. I'm at a crossroads deciding if to liquidate my dipping 200k stock portfolio, what’s the best way to take advantage of this bear market?

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