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Al Jazeera
Al Jazeera

THE TRUTH ABOUT: Us banking crisis is your money safe - Caught on Camera

A TV screen displaying financial news, including the stock price of First Republic Bank, at one of the bank's branches in New York's Financial District [File: Mary Altaffer/AP Photo]

Recent turmoil in the banking industry may have you worried about your money.

On Monday, officials announced that they closed San Francisco-based First Republic Bank, making it the third US bank to collapse in the past two months. Most of First Republic’s assets are being acquired by JPMorgan.

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