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Regulators seized control of First Republic Bank and sold it to JPMorgan Chase on Monday, a dramatic move aimed at curbing a two-month banking crisis that has rattled the financial system.
First Republic is the second largest U.S. bank by assets to collapse after Washington Mutual, which failed during the financial crisis of 2008 and was also acquired by JPMorgan.
https://www.nytimes.com/2023/05/01/business/first-republic-bank-jpmorgan.html
First Republic is the second largest U.S. bank by assets to collapse after Washington Mutual, which failed during the financial crisis of 2008 and was also acquired by JPMorgan.
https://www.nytimes.com/2023/05/01/business/first-republic-bank-jpmorgan.html