Real Estate Feels the Crunch After Another Bank Debacle
Another week, another bank failure. On Monday, the Federal Deposit Insurance Corporation seized First Republic Bank and sold it to JPMorgan Chase, ending weeks of tumult that saw the institution’s stock plunge nearly 90 percent the past two months. The sale to JPMorgan, the country’s largest bank, likely includes $103 billion in residential mortgages, some […]
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