FDIC Alert! JPMorgan Chase Bank, National Association, Columbus, Ohio Assumes All the Deposits of First Republic Bank, San Francisco, California. FDIC entering loss-share transaction agreement to share the losses with JP Morgan.

by Dismal-Jellyfish Source: https://www.fdic.gov/news/press-releases/2023/pr23034.html First Republic Bank, San Francisco, California, was closed today by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.  To protect depositors, the FDIC is entering into a …

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Chase Bank is locking up ATMs…

NEW YORK – Some Chase ATMs in the city are no longer available around-the-clock. Chase Bank announced that various ATM vestibules will be closed at the same time as the branches due to rising crime and vagrancy. https://www.fox5ny.com/news/chase-locking-up-some-atms-at-5-p-m-due-to-crime

That $4.5 trillion in loans the banks got, sure looks like they were betting on these CDOs launched a few months earlier. Anchorage Capital, hmm where have I heard that name

by Longjumping_College They made this liquidity crisis by betting that money on CDOs. I’m not f*cking kidding Hedge Funds Resurrect CDO Trade. This Time They Say It Will Work View post on imgur.com https://web.archive.org/web/20190503001248/https://www.bloomberg.com/news/articles/2019-05-02/hedge-funds-resurrect-cdo-trade-this-time-they-say-it-will-work They had this happen as of Q2 …

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“JPMorgan Chase…is the only U.S. federally-insured bank in history to be charged with five felony counts in the span of seven years, while keeping the same man, Jamie Dimon, as its Chairman & CEO.”

"JPMorgan Chase…is the only U.S. federally-insured bank in history to be charged with five felony counts in the span of seven years, while keeping the same man, Jamie Dimon, as its Chairman & CEO." $JPM@SenWarren @hannahlevitt @FSCDems @FinancialCmte https://t.co/JanUFvdg56 pic.twitter.com/1j8UrQTjah …

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