Latest video updates about queen elizabeth,luther vandross,apple,chelsea vs brighton,eastenders,jim steinman,tom cruise,wimbledon,anne robinson,elephant and castle,croatia vs spain,tiafoe,basilashvili,,ewan mcgregor,peter mcgarry,cardi b,memphis depay,sharon stone,finance. Watch this “JP Morgan set to take over collapsed US bank First Republic” video below:
US bank First Republic’s assets will be taken over by JP Morgan after it became the third American lender to fail in two months.
JP Morgan has agreed a deal with regulators to acquire the “substantial majority” of First Republic’s assets, including $173bn (£138bn) of loans.
The collapse follows the failures of Silicon Valley Bank and Signature Bank after investors withdrew funds.
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