Is The Banking Crisis Finally Over?

A look at the takeover of First Republic Bank by the FDIC and its subsequent sale to JP Morgan. 

We explore the impact of this crisis on other regional banks such as PacWest and Western Alliance, and discuss whether or not the banking crisis is finally over, as JP Morgan CEO Jamie Dimon claims.

Why First Republic Bank Was Seized and Sold to JPMorgan Chase

First Republic Bank was seized by the FDIC early Monday and a deal was struck to sell the bulk of its operations to JPMorgan Chase, a move that regulators hope will stabilize the industry and cut down on customer panic. This comes after First Republic lost $100 billion in deposits following the collapse of Silicon Valley Bank.