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Publisher: Maaal International Media Company
License: 465734
California’s Department of Financial Protection and Innovation said on Monday that regulators have taken control of First Republic Bank, the third major US bank to fail in two months.
According to “Reuters”, the California Department of Financial Protection and Innovation appointed the Federal Deposit Insurance Corporation as a receiver for the First Republic and said it had accepted an offer from JPMorgan Chase and others to insure all deposits.
© 2020 All rights reserved to Maaal Newspaper
Publisher: Maaal International Media Company
License: 465734