$10,000,000,000 Bank Shut Down by US Regulators in First Bank Failure of 2024
27 April 2024 - 1:52AM
The Daily Hodl
US regulators just announced the first bank failure of 2024. The
FDIC says it has stepped in to protect $6 billion in assets and $4
billion in customer deposits at Philadelphia-based Republic Bank.
The assets will be immediately handed over to Fulton Bank, a former
rival that’s also located in Philadelphia. “Republic Bank’s 32
branches […]
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$10,000,000,000 Bank Shut Down by US Regulators in First Bank
Failure of 2024 appeared first on The Daily Hodl.
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