First Republic Bank collapses, JP Morgan to take over ‘all deposits’
JP Morgan will assume insured and uninsured deposits totalling $92 billion, and $30 billion in securities from First Republic Bank.
JP Morgan will assume insured and uninsured deposits totalling $92 billion, and $30 billion in securities from First Republic Bank.
SEC chair Gary Gensler tweeted his most severe warning to crypto exchanges to date, but the SEC still can’t decide if ether is a security.
Although banks had minimal crypto exposure, panicked clients pulled out funds and sealed the fate of SVB, Silvergate, and Signature Bank.
BBC chairman Richard Sharp, also a crypto investor with ties to Russian oligarchs, will remain in his role until June.
Users are unleashing a fleet of new AI-powered trading bots onto crypto DEXs. So far, their performance has been mixed.