By Tom Ozimek The troubled Philadelphia-based Republic First Bank has imploded, with federal regulators seizing it and arranging for it to be taken over by fellow regional lender Fulton Financial, in what marks the first bank failure of 2024. The Federal Deposit Insurance Corporation (FDIC) announced on April 26 that Republic First Bank—which did business […]
Tag: Economic Recession
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending.
