JPMorgan Buys First Republic Assets After FDIC Takeover

By ​​​​​​​Hailey Konnath and Tom Zanki · May 1, 2023, 10:23 AM EDT

Struggling lender First Republic Bank was acquired by JPMorgan Chase & Co. on Monday following a takeover arranged by the Federal Deposit Insurance Corp., the latest rescue plan aimed at containing...

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