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

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 […] source: https://dailyhodl.com/2024/04/26/10000000000-bank-shut-down-by-us-regulators-in-first-bank-failure-of-2024/