SHARE THIS VIDEO —
How First Republic Bank became the third major bank to fail in 2023
This version of Mmvo172021829905 - Breaking News | NBC News Clone was adapted by NBC News Clone to help readers digest key facts more efficiently.
The FDIC announced it seized First Republic Bank and that JPMorgan Chase would be purchasing the bank’s assets and deposits. Barron’s reporter Megan Cassella explains what led up to the latest banking failure and whether officials think it stems from previous crisis in 2023.
NBC News Clone will keep curating essential reads for you — simplified and optimized.
