JPMorgan Chase takes over First Republic after biggest U.S. bank failure since 2008

JPMorgan acquired all of First Republic's deposits and a "substantial majority of assets." Its shares rose 2.6% in premarket trading on the news.

May 1, 2023 - 20:00
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JPMorgan Chase takes over First Republic after biggest U.S. bank failure since 2008
JPMorgan acquired all of First Republic's deposits and a "substantial majority of assets." Its shares rose 2.6% in premarket trading on the news.

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