Crypto NewsEconomyHot Development: Expected Happening, First Republic Bank Seized in USA! What's the...
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Hot Development: Expected Happening, First Republic Bank Seized in USA! What's the Latest in Bitcoin?

There was a new development in the banking crisis in the USA. According to sources, First Republic Bank will be seized.

Author: Mete Demiralp
Update:
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A source with knowledge of the matter said Friday that the US Federal Deposit Insurance Corporation (FDIC) is preparing to turn the First Republic over to a trustee soon.

According to Reuters, the FDIC has decided that the deterioration in First Republic Bank's situation will not allow more time to avoid a trustee appointment, so the appointment of a trustee will take place soon.

According to sources, the bank will be confiscated and the bank will be closed.

Details are coming…

Bitcoin is stable after First Republic Bank development.

*Not investment advice.

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