Markets

U.S. stocks open mixed after regulators seize First Republic Bank, sell to JPMorgan Chase

U.S. stock indexes opened mixed after JPMorgan Chase & Co said Monday it has won the auction to take over fallen First Republic Bank after regulators seized the San Francisco-based lender, resulting in the third failure of an American bank in two months. The Dow Jones Industrial Average gained 51 points, or 0.2%, to 34,148. The S&P 500 was down 0.1%, while the Nasdaq Composite declined by 0.2%. JPMorgan Chase has won the auction to take over fallen First Republic Bank and acquired all of the troubled lender’s deposits and “substantially all the assets,” according to a release on Monday morning. JPMorgan’s shares opened…

Read the full article here

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Videos

Watch full video on YouTube

Videos

Watch full video on YouTube

Crypto

FTX/Alameda has unstaked over $1 billion in Solana (SOL), raising concerns about potential market impact. Despite this, SOL remains resilient, trading near $137. However,...

News

Introduction One of the interesting elements of preferred shares in Canada is that some of the issues (and then predominantly preferred equity issued by...

Copyright © 2023 Repay Down. All Rights Reserved.

Exit mobile version