150 words…one minute read

What’s happening: First Republic Bank became the third major bank in the U.S. to fail in under two months when it was taken over by the Federal Deposit Insurance Corp. and sold to JPMorgan Chase.

Aon continues to share insights on how impacted firms, individuals and industries can respond to these challenging financial situations:

• The 2023 bank failures have demonstrated the increased interconnectivity of risks and their ability to have a global impact. Aon has been monitoring all events closely and has consolidated perspectives across the firm’s business leaders to share insights on how to support clients. Check out updated insights here.

Aon identified five executive learnings from the developments in the banking sector and subsequent volatility to global banking markets, depositors and affected third parties. The firm’s insights were also published by The Economic Times’ Banking, Financial Services and Insurance (BFSI) news site in India here.