Governor "Newsom Statement" on First Republic Bank seized to sold Jpmorgan case.Published May 01, 2023
SACRAMENTO – Governor Gavin Newsom issued the below statement moment after the California Department of Financial
Protection and Innovation( DFPI) blazoned that it appointed the Federal Deposit Insurance Corporation( FDIC) as receiver of First Republic Bank. The FDIC has accepted a shot from JPMorgan Chase Bank, National Association, which will assume all deposits of First Republic Bank stock3000 .
“ In close cooperation and collaboration with the FDIC, California DFPI took decisive and critical action to stabilize the situation,
forestall layoffs, and cover Californians. The nippy action by FDIC to secure a purchaser for the bank will cover depositors, including uninsured depositors. ”
Announced
Recent News:
- At Former Petroleum Refinery, Governor Newsom Showcases California’s Clean Fuels and Clean Energy Jobs Revolution
- Governor Newsom Proclaims Small Business Month 2023
- Governor Newsom Proclaims Small Business Month 2023
- Governor Newsom and Attorney General Bonta Announce a Lawsuit Against the City of Elk Grove for Violating State Fair Housing Laws
- Governor Newsom Proclaims Older Californians Month 2023
https://www.courthousenews.com/first-republic-bank-seized-sold-to-jpmorgan-chase/
Comments
Post a Comment