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First Republic Bank fails: Was it a bailout?

Por: ABC News Business May 01, 2023

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The of First Republic Bank on Monday left it under control of the U.S. government, which quickly sold the bank to JPMorgan Chase. The move aimed to shore up the financial system after a of major bank failures.JPMorgan Chase, the nation's largest bank, retained the majority of First Republic's assets and all of its deposits, JPMorgan Chase on Monday. In turn, the deal fully protects depositors at First Republic, who immediately became... + full article



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