US regulators just announced the first bank failure of 2024. The FDIC says it has stepped in to protect $6 billion in assets and $4 billion in customer deposits at Philadelphia-based Republic Bank. The assets will be immediately handed over to Fulton Bank, a former rival that’s also located in Philadelphia. “Republic Bank’s 32 branches The post $10,000,000,000 Bank Shut Down by US Regulators in First Bank Failure of 2024 appeared first on The Daily Hodl .
