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JPMORGAN LANDS AS WINNER IN US REGULATOR AUCTION OF FIRST REPUBLIC

  • NEWS Desk Global
  • May 1, 2023
  • 1 min read

Updated: May 1, 2023


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Jamie Dimon's JPMorgan Chase & Co (JPM.N) emerged as the winner of a weekend auction of First Republic Bank (FRC.N), in a deal that is meant to draw a line under a recent banking crisis but comes at the cost of making the largest U.S. bank even bigger.

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