Get all your news in one place.
100's of premium titles.
One app.
Start reading
ABC News
ABC News
Business
David Taylor

US authorities 'auction' First Republic Bank to JPMorgan after second biggest bank failure in history

First Republic Bank's stock price has fallen 97 per cent this year. (Reuters: Brendan McDermid/File)

We've just witnessed the second biggest bank failure in US history.

US regional bank First Republic had a little more than $US200 billion ($301 billion) worth of assets and around 7,000 employees, so it was a large, San Francisco-based bank.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.