First Republic Bank Deposits Are Taken Over By JPMorgan Chase

 

JP Morgan Chase takes over First Republic Bank's deposits in a government orchestrated takeover.

A similar thing happened to Silicon Valley Bank's assets, another bank recently in trouble.

First Republic Bank is the second biggest failing bank in terms of assets in US history.

Both First Republic Bank and Silicon Valley Bank were in many ways cryptocurrency, Bitcoin projects financing banks.

In short, crypto banks.

JP Morgan and Silicon Valley Bank assets' acquirers will get loan stakes in the largest innovation niche of Silicon Valley.

Wolfteam  Ltd.'s opinion is, however, that most of the cryptocurrency and Bitcoin projects of First Republic Bank and Silicon Valley Bank are not perfectly viable.

And due to their assets it will be a challenge for JP Morgan and SVB's acquirers to integrate their acquisitions smoothly.

 

Disclaimer: The blog post above is not a recommendation to buy or sell securities, derivatives or cryptocurrencies.

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