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Regional Bank Shares Take Beating After First Republic Collapses

Regional Bank Shares Take Beating After First Republic Collapses
A First Republic Bank location in Newport Beach, Calif., on May 1, 2023. John Fredricks/The Epoch Times
Bryan Jung
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U.S. regional bank shares took a beating after the collapse of First Republic and its takeover by JP Morgan Chase & Co.

The Federal Deposit Insurance Corporation (FDIC) seized First Republic Bank in the second-largest bank failure in American history in what is also the third regional bank to fail this year.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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