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JPMorgan buys troubled First Republic Bank

Photo by Mariia Shalabaieva / Unsplash

The FDIC regulator has accepted JPM's takeover bid for the bank. The giant is taking over all of FRB's deposits, which total about $103.9 billion.

First Republic Bank's 84 physical branches in eight states will reopen today as branches of JPMorgan. All other FRB assets will also be acquired.

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Hyundai has released a "copy" of the Tesla - Reuters

Hyundai has released a "copy" of the Tesla - Reuters

Hyundai Motor Co. on Thursday unveiled its first electric sedan, the Ioniq 6. The South Korean automaker expects the electric car to help it capture a larger share of the EV market, including poaching Tesla customers.

Bank of America has no plans to offer crypto services

Bank of America has no plans to offer crypto services

BofA CEO Moynihan said that the company will not offer services related to cryptocurrency in the near future. However, he acknowledged the importance of digital payments in today's economy. According to Moynihan, the main obstacle to the crypto industry is regulatory problems. The SEC is suspicious of companies offering cryptocurrency

What will be next?

What will be next?

Bitcoin for the second day in a row does not observe the correlation with the Nasdaq index, and even act as a leading indicator for the subsequent stock price movement. Or they just decided to shave $232 million off the bears 😇 Overall, the crypto market remains in a state of