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Finance@beehaw.org · 2 years ago

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

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

anji@lemmy.anji.nl to

Finance@beehaw.org · 2 years ago

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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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