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FDIC said to be reviewing bids for First Republic, announcement expected by Monday morning

Por: MarketWatch Business May 01, 2023

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However, JPMorgan is among a small number of giant banks that have already amassed more than 10% of nationwide deposits, making the firm ineligible under US regulations to acquire another deposit-taking institution. Authorities would have to make an exception to allow the country’s largest bank to get even bigger. Bank of America is among several other institutions that are weighing a potential bid for First Republic, according to CNBC. The... + full article



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