Federal regulators took control of the troubled First Republic Bank and sold most of its assets to JP Morgan Chase overnight. President Biden assured Americans that, while depositors are being protected, the public is not bailing out the bank’s investors. Weijia Jang reports.
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The Sydney Opera House Sydney, New South Wales, Australia. Gallo Images | Brand X Pictures | Getty Images Australia’s central bank in a surprise move raised its cash rate by 25 basis points and opened the door for more hikes ahead — resuming its tightening cycle after pausing in its […]
