Chase Buys First Republic Bank | Banking Collapse 2023
7Well, it appears that First Republic Bank is no longer going to exist in the coming days. Either some big bank will take over or the FDIC will seize it. Hopefully, this will be the last bank to fail this year. If you are someone with over $250,000 in cash at a bank then take time to learn about what is covered and what is not. Here are some helpful links and reference articles:
https://www.fdic.gov/resources/deposit-insurance/faq/#:~:text=The%20standard%20deposit%20insurance%20coverage,held%20at%20the%20same%20bank.
https://www.cnn.com/2023/04/29/business/first-republic-whats-next/index.html
https://news.firstrepublic.com/static-files/013f57fb-b980-4353-bbb3-0e7a3b27f20a
Disclaimer: Kevin is a licensed investment advisor and owner of Pira Wealth Management. He is NOT proving financial, legal, or tax advice written or produced on YouTube. This is for purely educational/entertainment purposes only. Any reference to a product or security is purely coincidental based on the video topic and is not an offering to buy or sell said security. This is not financial advice.
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