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The Independent UK
The Independent UK
National
Adriana Morga

Is my money safe? What you need to know about bank failures

Caleb Silver FDIC Greg McBride First Republic Insurance JPMorgan Chase
Copyright 2023 The Associated Press. All rights reserved.

Recent turmoil in the banking industry may have you worried about your money.

Officials announced Monday that they closed San Francisco-based First Republic Bank, making it the third U.S. bank to collapse in the past two months. Most of First Republic’s assets are being acquired by JPMorgan.

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