$10,000,000,000 Bank Shut Down by US Regulators in First Bank Failure of 2024

{"id":"https://dailyhodl.com/?p=285784","title":"$10,000,000,000 Bank Shut Down by US Regulators in First Bank Failure of 2024","primaryLink":"https://dailyhodl.com/2024/04/26/10000000000-bank-shut-down-by-us-regulators-in-first-bank-failure-of-2024/","links":["https://dailyhodl.com/2024/04/26/10000000000-bank-shut-down-by-us-regulators-in-first-bank-failure-of-2024/"],"updatedOn":"0001-01-01 00:00:00Z","publishDate":"2024-04-26 23:52:29Z","summary":"

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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The post $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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