Who’s Paying for First Republic Bank Collapse? Unveiling FDIC’s $13 Billion Hit
Introduction: The collapse of First Republic Bank has sent ripples through the financial sector, leaving the Federal Deposit Insurance Corporation (FDIC) with a significant burden. Despite a buyout by JPMorgan, the FDIC is set to incur an estimated $13 billion loss, raising questions about who covers these bank failures. In this article, we delve … Read more