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How First Republic Compares to Other Bank Failures – CBS News
According to CBS News, First Republic Bank used to be seized through federal regulators on Monday and offered to JPMorgan Chase. This tournament marks the second one biggest bank failure in U.S. historical past, following the 2008 cave in of Washington Mutual.
Keith Noreika, Executive Vice President at Patomak Global Partners, has defined the importance of this failure.
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