This is the second biggest bank failure in US history, after Washington Mutual in 2008. Many customers had withdrawn over $100 billion in deposits by the first quarter.
Read the full article (in French): https://www.lesaffaires.com/bourse/nouvelles-economiques/la-banque-americaine-first-republic-saisie-par-les-autorites-et-revendue-a-jpmorgan/640748de
