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JPMorgan Chase buys First Republic in bid to end bank turmoil

Por: Politico Business May 01, 2023

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The FDIC said Monday that JPMorgan Chase has purchased First Republic Bank, the embattled lender that has struggled for weeks after being slammed with massive deposit outflows. Regulators had scrambled all weekend to complete a deal to sell San Francisco-based First Republic to head off any further market turmoil following the collapse last month of Silicon Valley Bank and Signature Bank. California’s state bank regulator shut down First... + full article



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