The US could face economic turmoil if more banks face collapse, some of the world's leading money managers have warned.
The caution followed the failure of First Republic, the second-largest banking failure in US history, and the third bank to collapse in the country since March.
JP Morgan Chase took over First Republic in a deal brokered by regulators - but there is a warning that the US could face a credit crunch and an economic slowdown, and at a crucial time, if another bank fails.
Please subscribe here: [ Ссылка ]
#FirstRepublic #BankingCrisis #BBCNews
![](https://i.ytimg.com/vi/XYFZIFkTz-U/maxresdefault.jpg)