Investors Warn of More Economic Pain to Come After First Republic Failure US News | The Epoch Times https://ift.tt/j0Bvwod Top investors at the annual Milken conference have warned of more economic pain to come after the collapse of First Republic Bank. Attendees at the conference said that the third seizure of a U.S. regional bank by the Federal Deposit Insurance Corporation (FDIC) since March is threatening to constrain credit and accelerate the path toward a severe economic slowdown. The May 1 takeover of First Republic by federal regulators and the immediate sale of the bank to JPMorgan proceeded as investors and financiers arrived for the Milken Institute Global Conference, in Beverly Hills, California, for one of the largest financial conferences in the world.... May 02, 2023 at 09:59PM https://ift.tt/1LMuzlO Bryan Jung https://ift.tt/Z8mM49N
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