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MANIFOLD
Will First Republic Bank be shut down by the FDIC before June?
13
Ṁ230Ṁ13k
resolved May 1
Resolved
YES

Resolves YES if First Republic Bank is placed into FDIC receivership before June, otherwise NO.

See https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/.

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First Republic WAS NOT seized by the FDIC, but rather by the California state regulator. The California Department of Financial Protection and Innovation.

@BTE ... who appointed FDIC as receiver

@AaronLehmann LOL. FML.

@BTE yes, bank shutdowns in the US are a joint effort between the state regulator and the FDIC

JP Morgan Chase just bought them.