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The FDIC and California regulators say JPMorgan Chase plans to acquire most of First Republic Bank, which was a tad bigger than SVB and had $100B+ in outflows (Financial Times) 01-05-2023

Financial Times:
The FDIC and California regulators say JPMorgan Chase plans to acquire most of First Republic Bank, which was a tad bigger than SVB and had $100B+ in outflows  —  Depositors protected but shareholders wiped out in country’s second-largest bank failure  —  JPMorgan Chase is to acquire …


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