© 2025 Western New York Public Broadcasting Association

140 Lower Terrace
Buffalo, NY 14202

Toronto Address:
130 Queens Quay E.
Suite 903
Toronto, ON M5A 0P6


Mailing Address:
Horizons Plaza P.O. Box 1263
Buffalo, NY 14240-1263

Buffalo Toronto Public Media | Phone 716-845-7000
BTPM NPR Newsroom | Phone: 716-845-7040
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

What First Republic failure tells us about financial system

The 84 branches of First Republic Bank are opening Monday as JP Morgan Chase Bank, according to JP Morgan Chase, which struck a deal with federal regulators to buy up First Republic Bank.

First Republic is the third bank to fail this year — and the largest.

Here & Now‘s Scott Tong speaks with Karen Shaw Petrou, co-founder and managing partner of Federal Financial Analytics, an advisory company focused on financial services companies.

This article was originally published on WBUR.org.

Copyright 2023 NPR. To see more, visit https://www.npr.org.