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The troubled us bank first republic collapsed this morning and was immediately subjected to a takeover offer from jp morgan chase according to america's banking regulator. the californian bank is the third american lender to fail this year. here's our business correspondent marc ashdown. investors and customers have been deserting first republic bank. in two months its shares have tanked from $147 each to just $3.50 and $100 billion of deposits have been withdrawn. when confidence goes, money tends to follow. the us banking regulator has broken a multibillion—dollar rescue deal. the investme...

He is our business correspondent. —— here. investors and customers have been deserting first republic bank. in two months its shares have tanked from $147 each to just $3.50 and $100 billion of deposits have been withdrawn. when confidence goes, money tends to follow. the us banking regulator has broken a multibillion—dollar rescue deal. the investment banking giantjp morgan chase will take on all 84 branches and all deposits will be guaranteed by the us government. if you were a first republic depositor, you can breathe a big sigh of relief today. if you are under 250,000, the us guaran...

Stopped by men with guns. the troubled us bank collapsed this morning was immediately subjected to a takeover offer byj.p. morgan according to the banking regulator. the californian bank is the third american lender to fail this year. investors and customers have been deserting first republic bank. in two months, its shares have tanked from $147 each tojust $3.50, and $100 billion of deposits have been withdrawn. when confidence goes, money tends to follow. the us banking regulator has now broken a multibillion—dollar rescue deal. the investment banking giantjp morgan chase will take on all ...