The banking crisis in the USA is getting worse. Finally, the US government First Republic Bank’He announced that he would take over.
After the news that the bank will be closed JP Morgan acquired First Republic Bank earlier this week.
Things did not settle down after JP Morgan bought the bank.
Now in action U.S. Securities and Exchange Commission entry.
Bloomberg’According to the news, two people familiar with the subject SECHe said he was investigating First Republic Bank.
The SEC’s research covers the period before the bank was seized by the US government and sold to JPMorgan.
One informant told Bloomberg that the SEC was investigating the First Republic’s executive team at the time for insider trading.
While it is not known which executives the SEC is investigating, it was stated that the investigation could end without filing a lawsuit against anyone.
Representatives of the SEC and JPMorgan did not respond to Bloomberg’s request for comment and declined to comment.
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