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First Republic becomes the second biggest bank to fail in U.S. history
May 1, 2023

First Republic becomes the second biggest bank to fail in U.S. history

May 1, 2023
From the BBC World Service: Overnight, First Republic Bank was taken under the stewardship of regulators, who then immediately sold it on to JPMorgan Chase, making it the second biggest bank in American history to fail. Banking analyst Frances Coppola talks us through the ramifications. Plus the BBC Business Editor in India, Arunoday Mukharji, reports on India becoming the world's most populous country.