First Republic Becomes Next Major American Bank to Fail Under Biden, JP Morgan Chase Takes over Assets

Kurt Zindulka : May 1, 2023
Breitbart News

[Breitbart.com] JP Morgan Chase is set to take over the failed First Republic bank after it collapsed in the third major bank failure in the past two months in America ... When the Federal Reserve stepped in to raise rates to dampen inflation, the value of large portfolios of bonds at some banks were hit hard, as they were bought up by the banks at times of lower interest rates... Subscribe for free to Breaking Christian News here Click Here to read. (Screengrab image)