- ECONOMY
California Financial Regulator Takes Possession of First Republic Bank

A security guard stands outside a First Republic Bank branch in San Francisco, California, U.S. April 28, 2023.
16:45 JST, May 1, 2023
The California Department of Financial Protection and Innovation (DFPI)said on Monday that regulators had seized First Republic Bank FRC.N, in what is the third major U.S. bank to fail in two months.
DFPI appointed the Federal Deposit Insurance Corporation (FDIC) as receiver of First Republic and said it accepted a bid from JPMorgan Chase Bank, National Association, Columbus, Ohio, to assume all deposits.
"BUSINESS" POPULAR ARTICLE
-
BOJ Ueda: Japan Increasingly Likely to Hit Inflation Target
-
Japan April-Sept. Current Account Surplus Hits Record High
-
Exports of Nishikigoi Carp to China Halted; Permits for Japanese Aquaculture Facilities By China Have Expired
-
Food, Beverage Price Hikes Show Signs of Easing; Fuel Prices, Consumer Frugality Slowing Down Price Rises
-
Japan 2023 Food Exports Reach 1 Tril. Yen at Record Pace
JN ACCESS RANKING